I need help in figuring out how to enter income received from a real estate investment. I entered into a contract with a home builder in which I up fronted capital to purchase land and build a new home. My only involvement was up fronting the money. The Land lot nor the construction loan was under my name. After 15 months when the project was completed and the home sold, the builder cut me a check for the money I upfronted and half of the profit made from the sale of the home. I did not receive any 1099 forms. How would I enter this income into turbotax. I consider it a long term capital gain investment due to the project having taken 15 months from day I entered into the contract and the date the new home was sold, but I cannot figure out how to enter into Turbotax as all applicable investment sections require a 1099-b or 1099-s. Any guidance provided will be appreciated.
