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MiLeenaLee t1_jefquo7 wrote

Reply to comment by nsharma2 in How do I do tax treatment for startup option exercise that resulted in a full loss? by nsharma2

Yeah and sorry I misunderstood...I thought you were saying something else.

So, it wasn't a publicly traded company? Did you ever get a K1?

And yes, you have a year to figure it out... Lol

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nsharma2 OP t1_jefr54i wrote

Nope, not publicly traded, only got to Series D and then got acquired for peanuts.

K1? I have no idea what that is. Should I try to find this?

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MiLeenaLee t1_jefrq0o wrote

K1 shows partnership income, if you invest in a business, you own part of it.

I'd be really careful claiming that loss and definitely talk to a professional. (I am one but I would need to see everything you have to make sure I'm understanding correctly)

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