How to report income from lending hard money to flip house?

[daweigedavid]

Hi all,

In 2019, I lend money using using my personal checking account to a realtor friend I know to flip houses.  I am not actively participating in the flipping process other than lending money, and the house is not under my name.

How do I report such income in Turbotax? What form should I use?

Thanks,

David

[Anonymous]

how is the amount he pays you determined?   if he's splitting profits, you are probably engaged in a partnership for which a tax return should have been filed.     if it's intended to be interest he should have issued you a   1099-int.   what did you agree to with the realtor and is it in writing?  

[daweigedavid]

Thank you for your reply. Yes the profit is being split and it is just what i receive  an agree upon percentage of the net profit. 

[daweigedavid]

Thank you for your reply. Yes the profit is being split and it is just what i receive  an agree upon percentage of the net profit.