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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.
‎April 3, 2023
8:23 AM