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Get your taxes done using TurboTax
Thank you for the input so far.
It was a privately held corporation sold to a LLC.
Some money was held back for escrow and expense funds.
I received tax paperwork for the money I received immediately after the sale in 2020, but nothing regarding the disbursements over the last 2 years (the sale is still not finalized!)
I can see how the disbursements would not be taxable and will see if I get a K-1 when it is finalized.
‎September 20, 2022
4:26 PM