nsharma2
nsharma2 OP t1_jefr54i wrote
Reply to comment by MiLeenaLee in How do I do tax treatment for startup option exercise that resulted in a full loss? by nsharma2
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?
nsharma2 OP t1_jefqhnr wrote
Reply to comment by MiLeenaLee in How do I do tax treatment for startup option exercise that resulted in a full loss? by nsharma2
I didn't report anything back in 2018, just cut the company a check for the 20k.
A few months back got an email saying the company had been sold, but not enough to pay off even the debts, so there is nothing left for shareholders.
That being said, it looks like the sale was finalized in early 2023, so that means I shoudl wait until next year's tax returns to report right?
nsharma2 OP t1_jefhpyl wrote
Reply to comment by Werewolfdad in How do I do tax treatment for startup option exercise that resulted in a full loss? by nsharma2
thank you!
nsharma2 OP t1_jefhhvp wrote
Reply to comment by Werewolfdad in How do I do tax treatment for startup option exercise that resulted in a full loss? by nsharma2
I didn't get any 1099-b. Only thing I heard was a note saying "As such, no proceeds will be available for any holders of preferred stock or common stock."
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Is there a 1099-b issued for startup equity as well?
nsharma2 OP t1_jefrmk4 wrote
Reply to comment by DrRobertBottle in How do I do tax treatment for startup option exercise that resulted in a full loss? by nsharma2
Thats great to know! Hopefully my software remembers and takes care of all this for me, because I sure won't remember :-)