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No, I have taken no losses on this ivestment on my tax return of any sort. I have never included that I made this investment on my tax returns, and since I have received no income from it, I have not reported it in any way.
I have seen it more in the way of a loan to a friend that I hoped to derive some financial benefit from, but that did not happen.
I guess I want to know if I have to report an investment to the IRS for which I received no income or positive return. If I don't want to claim the loss, or if there is no loss, only the return of the original investment, do I have to even report it?
Last part - does the amount matter, if there is no 1099? Say it was $30,000 to this private realestate investment firm outside the USA, and they returned $29,000 to me?