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Investors & landlords
Please clarify as @Carl states (above and below). We need to know a bit more about your involvement in this "investment" to determine if you need a Schedule C, are missing a 1099-MISC or Schedule K-1, or don't have anything to report this tax year (2020).
"Do you own and operate a drilling company? if yes, are you a general partner or limited partner? Your reference to "joint venture" implies some level of ownership, but doesn't define that level or even confirm it. Or are you just an investor that has absolutely no say in the operations of the company? If the latter, you have nothing to report on any tax return until the tax year you receive some kind of tax reporting document from the endeavor."
‎April 10, 2021
7:36 AM