I owned investment into severa houses with many others and after 10+ years, it was sold and I lost $87,000. Where is this entered on 2019 return ?

[Critter]

In the past has this investment group in filing a partnership return? If not how have you been reporting the income and expenses on this investment property on the tax return?

[Carl]

Exactly how have you been reporting your gains and/or losses on this investment each tax year over the last 10 years? Did you receive a K-1 each year? If so, what kind of K-1? I figure it would be 1065 K-1, but it could just as easily have been an 1120-S K-1 also.

What kind of an owner or partner were you in this venture? A limited partner? controlling partner? Managing partner? Something else?