Thank you Julie.
I had an investment $50,000 for partnership, and received loss K1 every year, then the partnership said they will merge with other company, and ask me to agree to get cash $45,000. After lawsuit they refund me $8,000, so I only have to report 3,000[Which calculate this way(8,000-(50,000-45,000))], is that correct?
Or I should ask Court if this$8,000 is punitive?
The amount is an example, I didn't consider the fees they charged.
Thank you very much.
