Hi Fools,A few years ago I invested in a private company. I received a K-1 in 2009 which showed a partial loss. The company ended up shutting down in 2010 but never issued me a final K-1 showing a total loss. Am I required to have this final K-1 in order to write off this loss? If so, should I ask the other investors to contribute to the accounting costs needed to produce the final K-1? That seems like the only way to produce this final K-1 as the company does not have the funds to do this now.ThanksPhil Hi Fools,Has anyone had to deal with a failed private investment?ThanksPhil
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