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How to Report Schedule K-1 for RSU Liquidation Event
Hi! I had some vested RSU in the past three years from my old employer (not public). Luckily it was acquired and there was a liquidation event that cashed out all my vested RSU. Thus I received a Schedule K-1 for the liquidation event.
However, when I came to the Turbotax K-1 section, I got confused with what I should select. Specifically,
1. for the 'Describe the partnership' question (screenshot below), shall I select 'this partnership ended in 2020' (it was marked as 'final K1' on the top of the form) and 'disposed of a portion of my interest in partnership during 2020'?
2. And on the 'Describe Partnership Disposal' question (screenshot below), I am not sure is it a 'complete disposal' or 'disposition was not via a sale'?
3. Seems like if I select 'complete disposal', it will also ask my Gain or Loss (screenshot below), but I am not sure where can I find my basis and gain on the form...
Would really appreciate it if anyone can help! Thank you in advance!
describe the partnership
describe the partnership disposal
sale info