Instead of reporting the small business stock sale on your K-1 form entry, you would enter the sale in the Investment Income section of TurboTax under Stocks, Cryptocurrency, Bonds, Mutual funds, Other.
- Choose the Stocks, Bonds, Mutual Funds option.
- For the type of stock sold, choose Stock (non-employee) on the screen where you enter the sales and cost basis information.
- On the next screen you will see where you can indicate that the sale is of small business stock.
- Continue and answer a few questions about the small business stock.
- Continue to back to the Investment Sales Summary page.
Ref: ThomasM125
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
