Hi there
In 2021 company A I had profits interests in as an employee was acquired by company B.
I received 75% cash and 25% stock of company B. All this was reported on a K1.
I paid tax on the cash portion in 2021.
The stock was not given to me til November 2023.
I have not sold the stock.
My questions:
1. Do I need to pay taxes in my 2023 return using the K1?
2. If not, is the taxable event when I sell the stock?
3. Will short or long term capital gains taxes be applied?
Thank you!
