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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?
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I have a client who was part of a large law firm who was working on a large lawsuit that has spanned 20+ year. The partners of the firm were all required to put...
