TurboTax does a great job of handling most individual tax situations however there are some items that become complicated. The link below shows these complicated situations and the information about your situation and how to handle it are printed here for your convenience. You can do this in TurboTax Desktop.
Sale of Qualified Small Business Stock and Installment Sales (Form 6252):
For sales of Qualified Small Business Stock, the program does not apply the Section 1202(b) gain limitation to the exclusion. If you have a gain in excess of the Section 1202(b) limit, you must split the disposition and enter it as two separate transactions. Check the "Yes" box on Line E of the Form 6252 General Information Smart Worksheet only for that portion of the sale that does not exceed the gain limitation.
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