So I purchased a stock in 2015, which went into bankruptcy and became a penny stock.. Along the way they also became a MLP (master limited partnership - publicly traded partnership) and now I am getting this K1. I had no idea what this K1 was about.. It has some small amount of income indicated -which I never got really.. Apparently I am a unit holder of this company.. But I don't see anything come my way..
I wanted to ask the experts here about how do I realize this K1 income? I am looking to stop this dance and sell off the stock - basically dispose it all at a loss. I seem to be spending more time figuring out what to do with K1 than the $15 market value this investment has left.. More like 0..
Let me know
