Hi! I had some vested RSU in the past three years from my old employer (not public). The company was acquired last year and there was a liquidation event that automatically cashed out all my vested RSU. Thus I received a Schedule K-1 for the liquidation event.
When I was doing my tax in Turbotax, I selected 'complete disposition' from 'Describe Partnership Disposal' question (as shown below), then it asks me the Sales Data (Purchase Data and Sale Date) and Gain or Loss. My questions are:
1. I don't really have a 'Purchase Date' as the RSUs were granted to me and vested over time. If I input 'Various' in 'Purchase Date', later calculation in Gain or Loss treated all my gain as short-term capital gain (which is not the case as I see s/t and l/t on my K1 box 8 and 9);
2. Regarding Gain or Loss info, is Sale Price the total Cash Distribution (K-1 19A)? And how to determine the Partnership Basis (maybe Cash Distribution - S/T capital gain - L/T capital gain)? Or seems like if I select 'Disposition was not via a sale', this whole section will not show up... And I am able to input all the info required in the later sections (different K-1 box values), which seems to generate correct numbers for capital gains in 1040. Not sure whether my case is technically considered as a 'sale'.
Would really appreciate it if anyone could help! Thank you in advance!
