I invest my money with my friend flipping the property, at the end of the sale he gives me my profit and 1099 misc, in column 7. IS this correct?. since I did not work with him or for him, I only invested money. I am the only investor of the property and my friend take care of all the updating and selling work. If 1099misc is not correct, then what form he should have given me. I'm not a partner with him either.
