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stock sale escrow proceeds
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ck123
Level 1
01-27-2021
07:15 PM
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Hi, I have a situation w.r.to stock sale. Specifically I acquired a stock in a startup in jan 2019. The company got acquired in march 2019. Some of the proceeds were held in escrow account and given in dec 2020. Now I got 1099 for year 2020 with date sold as march 2019. I have 2 questions.
1] when I do capital gain/loss Form 8949 for 2020 tax year, should the date acquired be jan 2019 and date sold be march 2019 even though I got funds in dec 2020.
2] w.r.to [1], will it be long term or short term.
Thanks
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1 Comment 1
IRonMaN
Level 15
01-27-2021
07:21 PM
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I think you found the wrong Intuit. I believe the below link is where you might want to be:
Tax Support: Answers to Tax Questions | TurboTax® Support (intuit.com)
Slava Ukraini!
