ABraun
Returning Member

K1 - not all distributed in same year.....

I have a K1 from last year (2021) - I was an equity holder and my company was sold.  The basis was zero, and I paid tax on my whole capital gain in Box 9a.  I received a distribution in Box 19 of about 80% of my gain.   

 

The remaining 20% was paid in 2022.   I already paid for the gain last year, right?  So the 20% is just "income?"

 

The K1 for 2022 is delayed and I'm trying to file an accurate return with an Extension.