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Get your taxes done using TurboTax
Hi,
I have a very similar situation. I was granted some class B shares by my employer a few years ago and the company was sold last summer and I was paid out. I paid taxes immediately using my turbotax return from 2020, form 1040-ES, I entered a higher amount than I was actually paid out, so I did not get any surprises at file time, my W-2 income was actually a bit less than 2020, so I expected a refund when filed this year. I have received a K-1 form from my employer, but as it turns out I still owe a significant amount of money according to turbotax. Any idea why that is?
‎April 9, 2022
12:20 PM