My mom had GM stock for 20 years until the bankruptcy last year. I assume there's some way to report this as a capital loss on her federal income tax. GM never sent her a 1099 or related document, and no one at the liquidation company knows anything about this. I'm looking for answers to the following:
A. Is a 1099 normally issued under these circumstances?
B. If yes on A, who should I contact for a 1099?
C. If no 1099 is available, what information do I need to report this as a capital loss on my mom's 1040?
A. Is a 1099 normally issued under these circumstances?
B. If yes on A, who should I contact for a 1099?
C. If no 1099 is available, what information do I need to report this as a capital loss on my mom's 1040?