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Business Income without 1099B
Years ago my husband and a few others formed a corporation and bought some land as investment. Little was done with it other than renting out a house on it. Recently the land was sold and the individual handling final affairs of the corporation has not sent out a 1099B on the sale proceeds to members. I want to know where and how to record in turbo tax our share of the sales money received. We personally have expenses to off-set some of the income received because for several years corporation income was less than what was needed to repair house and pay other necessary expenses.
March 7, 2020
12:34 PM