ChewyMC
New Member

Determine basis and selling price from my K1 (1065)

I received stock options that vested upon sale of the compancy LLC, in 2023.  I have income (Part III) in only boxes 6a (22,175) and 6b (22,175), 8 ($50), and 9a (176,107).  I also have distributions of 672,335.  My partners capital account analysis in Part II shows as follows:

Beginning capital account                          None

Captial contributed during the year         Blank

Current year net income                             $198,329

Other increases                                            $474,006

Withdrawals and distributions                  ($672,335)

How do I determine my selling price and basis for turbo tax.