Thanks again.
In my case, I got a B series stock options when I joined a company in 2016 with 5 year vesting period. My company was acquired by another PE firm in 2019. On the day of closing (12/02/19), my B series options got converted to class A units.
In 2020 April, I lost my job and they repurchased the stock and I got the distribution in September. I was given a K-1 (form 1065) and box 19 showed the distribution with code A. Do I report this as a short-term or a long-term capital gain?
Thanks.
