QSBS reported on K-1 line 11 code I

an investment club in start up companies,  reports on K-1,  sale of stock on line 11 with code i.   

 

. but what I really need is which option to choose on code I step by step instructions on turbotax and

 

How do I show the gain exclustion allowed under section 1202 

 

AND does the IRS get copies of our individual k-1s and why is there now a K-3? 

 (whew, a lot of questions all at once.