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Where do i report income as an investor from flipping property through partnerships in individual projects ?
There is a real estate company, that, among other things, sources individual projects, invites investors and once sold distributes profit at a preagreed ratio (75% to the firm and 25% to investors) and in accordance with all investors' shareholding %. I get 1099 yearly with the amount of income on such investments appearing in the box # 3 of the 1099. Where should i report such income ?
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May 31, 2019
10:11 PM