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If you select - homeowner it goes away, unless you have kids, then I can't get rid of it. But I ignored the diagnostic for age, race, etc, and it filed for me.
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I would guess so.He is sending me the signed agreement so maybe that will provide me more information.
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Because he was just helping fund the "project/lawsuit" so I would consider that an investment and then he got paid back his portion of the earnings from the law...
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As a partner in the firm - the interest payments would have been considered a contribution and then I would guess the money paid out would be a distribution and...
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So do I just report it on the Sch D and not do anything with the Sch C?
