shroffa1
New Member

Retirement tax questions

Hello,

 

   I was awarded stock options (B series)when I joined the company in 2016. When I left the company in 2020,

   my shares were sold and appeared as a distribution on 2020 K-1 Box 19A.

 

   When I entered this information in Turbo Tax under form K-1, there was no change to my taxes. Is that correct?

   Box 8, 9 and 10 are blank on form k-1. In Box N, beginning balance shows the distribution gain and ending 

   balance is 0.

 

   Thanks for your help.