Thank you @jtax for your response.
For simplicity's sake, let's just say that ABC's share in XYZ is now permanently worthless, ie there is no chance of it going up in value.
For every year that ABC was invested in XYZ, there has been a capital loss, ie. Box 8/9 has been negative every year, culminating in 2019 with the complete loss of all ABC's initial capital investment. XYZ sent a final K-1 to ABC, and ABC then sent my individual K-1 (not final). Is there any way for me to deduct ABC's loss from my 2019 personal taxes while I am still a shareholder in ABC? Or do I have to wait until the year I dispose of my interest in ABC completely?
To answer your question, the K-1 has entries in Box 1, 9a, 14 (A), and 20 (Z)
Thanks again!
