I wasn't an owner, and didn't receive any tax forms at any point. I just held informal shares we called "subscription units" entitling me to a percentage of annual profits. But they never turned a profit, so I never received any income.
I think I see it under Investment Income > Stocks, Mutual Funds, Bonds, Other. Is that correct?
There wasn't a "sale" of my shares per se, as the business just went under. Would I simply enter $0 under "Proceeds", and $60,000 under "Cost basis"?
Thank you
