But Diane,
My issue is that applying installment sales to non-QSBS (1202) is no different than how TurboTax is handling it for QSBS. And there are a lot more non-QSBS sales.
The logic tree should go like this:
Is the stock you sold listed on a public exchange? - answer no
Then you can use the installment sale
Does the stock qualify for 1202? - answer no
Then normal handling as an installment.
If yes to 1202, then if held more than 5 years there is no recognized capital gain - if less than 5 years the normal installment sale gross profit is recognized for the annual payment.
EASY FIX.
