Reporting 1099-B Escrow Holdback for sale in 2011

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Hi,

My company was sold in 2011 and I received 1099-B that year and reported the gain to IRS. However, I received another 1099-B in 2013, which is the payout from the escrow.
The only filled in items are 1a (date of sale), 2a(sale price) and 6 (non covered security).
Do I need to report this to IRS? Or since I already reported in the year 2011, I have nothing to do? Any advice is greatly appreciated.

Thank you,
Bibo
 
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Mar 19, 2012
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You should report the information on Form 8949 and explain the difference. Since you already paid tax on the distribution, your basis should be equal to the amount of the distribution and the entire amount should be non-taxable.
 

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