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Get your taxes done using TurboTax
is there an amount on 2c of the 1099div. if it's zero delete the entry because that code section does not apply. If it's not zero we can't answer your question directly
sec 1202 says a portion of the gain from sale of Qualified Small Business Stock (QSBS) reported on 2c is excludable if the stock was held more than 5 years
the exclusion %
acquired 8/11/93 - 2/17/09 50%
acquired 2/18/09 - 9/27/10 75%
acquired after 9/27/10 100%
that code section also provides that the gain can be rolled into another QSBS if the stock was held over 6 months and done with 60 days of sale
‎September 20, 2023
11:53 PM