Since the income received occurred in 2024, the recommendation was to create a 1099 for taxes for 2024 (presumably, a 1099-B) and identify a zero cost basis. However, the company no longer exists on the stock exchange and the source of the check is the settlement claim company. They have already verified that they will not issue any kind of 1099 so I know I am responsible for creating one.
I do want to thank all of you, who have offered your insights.
