Thank you, @MarilynG1 !
I wish I knew this 3 years ago. have already reported just the sale proceed in my 2022 tax filing, the year the sale of the company. (I used the entire cost basis in the 2022 tax filing by the way.) So it is too late to use the method you suggest.
For the tax year 2023, the first year the escrow payout happened, my CPA filed form 8949 to handle this. I was hoping I could do the same for 2024 but I couldn't find a way to make TurboTax generate this form. Could you suggest how I should report the escrow payout using TurboTax?
Thank you in advance.
Thank you.
