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My company was acquired this year for cash (short term holding) As part of the transaction, there was an escrow holdback amount and an earnout. How do I report these?
I am using TurboTax Premier.
What is the best way to report this on my taxes this year in TurboTax Premier? I imagine there would be complications if part of the holdback is taken out by the purchasing company.
I also assume that the earnout is to be reported for next year rather than this year?
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‎June 6, 2019
12:02 AM