All Forum Posts by: Ryan Louie

thanks for the input everyone!  We do have a document that spells out the % split in the investment and that the gains/losses would be split as such.

Maybe a stretch but I was assuming this would be a similar situation to when another friend and I purchased a house together and simply reported our 50/50 split of the 1098.  I thought there was only one SSN on the form as well.

Hello!

My friend works for a real estate development company and gets to invest in the projects his company develops.  I gave him some money to invest in one of their projects and it looks like they are getting ready to sell the land for someone else to build the project.  Would we be able to just claim our share of the gains/losses on his k-1?

Thanks,

Ryan