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Unable to use TurboTax Business (Form 1041) for QSB Stock
I have a Children Trust with QSB Stock that was held for over 5 years, which means any capital gain can be excluded within a limit.
I'm using TurboTax Business 2022 to file Form 1041, as the personal versions of TurboTax cannot be used for Trusts.
TurboTax Business is NOT allowing me to specify QSBS capital gain exclusion.
It's not uncommon to have trusts with QSBS as people give stocks as gift to their children.
Even in the Form mode, the Form 8949 is showing error if I try to override it.
What can I do to use TurboTax Business for QSBS and capital gain exclusion?
Thanks!
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‎April 15, 2023
3:12 PM