In TurboTax, Schedule K-1 (1065) Box 11 Code O has a notation that the sale of QSB stock (Sec 1202 exclusion) is not provided for in the program. This means the user must manually enter this sale information on the appropriate form. In most cases, the sale is entered as a stock sale with special treatment. How that is done depends on the software they are using.
However, you can enter additional information for Box 11 using the K1P Addl Info form in TurboTax Business. The entry would be made under "Code I, L to R, and ZZ: Other Income" on Line 2 Other *. Your entry here will be included with the partner K-1 as Supplemental Information.
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