asked

I am late filing. I cannot recall if I am required to file 1099-S or 1099-Misc for funds given to a former business partner after the sale of my home that was originally a flip project that ended up becoming my residence. The home sold in July 2018, and I gave the former partner $132k to cover the $83k invested plus interest. No written partnership agreement existed.

November 19th, 2024

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