I invested about $40,000 over the last few years for stock in an S-Corp that was developing new video broadcast technologies. The S-Corp ran out of funding during 2020 and I subsequently lost all that I invested-- I knew the risks, so I understand I am just S.O.L. I only got K1's from the few years that I was a stockholder. Is the only information relevant for me what is contained in the K1's and therefore there is no adjusted basis that applies to me?
Regards,
Williamdor
