Way back during the tech boom of 1999, some friends and I decided to be angel investors in a startup (autoeloan.com). Since the minimum investment was 25K, several of us pooled together to form an LLC. My share was 5K. After the bust, the venture died a long slow death and we lost touch and I didn't keep on top of it as I should have. How can I or how could I have claimed a loss on it? Does a Schedule K need to be filed? I think autoeloan.com folded in
2003 and I'm not sure if the LLC was ever declared dead.
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