@Penmar Farm wrote:
Thank you for getting back to me. I was an employee who made an investment with cash in an LLC in 2003 including preferred stock in 2003.
The LLC filed for bankruptcy in 2023 . The equity interests were deemed a total loss.
How do I report this on my tax return?
Penmar Farm
An LLC can't issue stock, but an S-corporation could. We still need clarity on what you actually did. And, are you a member of the LLC (a partner) or an employee.
