On March 15, 2015, York Technology Inc. filed for bankruptcy resulting in a total loss for its only two shareholders.

Bruce and a friend founded the company on April 10, 2013, with each owning 50% of the outstanding shares.

Both Bruce and his friend initially contributed $135,000 in exchange for their 50% interest in the company.

Required:

For tax purposes, how much should be reported on form 1040 for Bruce?