rausch0007
Returning Member

capital loss due to bankruptcy

In mid 2014 I invested in a oil & gas company (as a limited partner) and received a very limited amount of income ($1,248.00) for first 6 months, and after that nothing.  year end K-1 forms were received showing yearly losses and in 2018 company filed for bankruptcy with the Court making their ruling in September of 2019.  My original investment was $25,000 leaving me with a net loss of $23,752 and as I had no input as to the operations can I claim the $23,752 as a capital loss, and if so where & how do I show it.       

 

Ken R.