K1 filing issue - EMES went bankruptacy but K1 say...
New Member

Business & farm

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

 

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