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Retirement tax questions
Hi, I'm in a similar situation - I have a form K-1 that reports a cash distribution I received from my private employer for which I have equity (stock options). I was advised to report it as a sale of stock in the Investment Income section as my tax basis is $0. But now I'm being asked how I originally acquired the stock and none of the options (bought, inherited, gift, divorce, short sale, etc. ) apply. There is an option for receiving stock as a result of other corporate activity but then TurboTax won't let me proceed until I select how I originally received the stock! What to do? Thanks for your help!
‎July 9, 2020
8:52 PM