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KMPitzer
New Member

Our partnership invested in a start-up in 2015, it abruptly closed in 2019 issuing no 1099 or K-1. How do I report the loss on our 2019 partnership return?

 
1 Reply
taxes4sumting
Level 3

Our partnership invested in a start-up in 2015, it abruptly closed in 2019 issuing no 1099 or K-1. How do I report the loss on our 2019 partnership return?

sounds like a normal capital loss as your investment is worthless but more information is needed about what the nature of the investment.

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