I invested in a LLC about 5 years ago. It looked ok in the beginning, but during the last two years I've gotten a series of "bad news" letters, the most recent of which says the company has no more money and will not pursue any further business or asset sales. And it does not even have enough money to produce K-1's for Y2000. So basically I've lost my entire investment. I have the share certificate, and all documentation, including prior K-1's. Do I need anything else with which to write this off as a tax loss? Does this go on Schedule D, i.e. Purchase price $XXX and sale price $0? If not that form, then which one?
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