The Company I worked for was liquidated and cancelled my shares in 2022 then sends me a K-1 with Capital Gains?

[KristinaK]

Is there a specific question you have about your Schedule K-1? 

[Jsdavis23]

If my shares were cancelled and basically worthless, why do I have Capitol Gains . I never received any payouts . The company was taken over by another company for Debt . 

[Jsdavis]

The company was liquidated and my shares were cancelled ( Worthless) . I never made any money $0. Now I receive a K-1 that says I made over a million dollars ? I’ll