Hi,
I invested in EMES stock which went into bankruptacy in 2019 and they nullified all my stocks (investments) to ZERO in Dec 2019 automatically. Now I have received K1 showing Income on it which is again taxable.
Did not understand when i have lost all my money on this stock which also got nullified to zero why my K1 is showing income and why shoudl i pay tax for it. Is there any way to offset this please advice
