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How do I report Passive Income on my tax return?
Several years ago i made an investment with GWG Holdings. The basis of this investment was to receive interest or dividends. In 2022, the company stopped sending me these funds and was notified that they filed for bankruptcy. In 2024, i received a letter from a firm named the Wind Down Trust that reported financial information that started with losses. Since these losses were reported on the firm's terms and not a Federal form where do i report these losses on my 2023 tax return. I am currently preparing a second amended return to the IRS and State of California Franchise Tax Board.
‎June 4, 2024
4:51 PM