Hi basefrequency,
83(b) election is not supported by TurboTax.
However, below threads have many relevant discussions on this topic. Please refer to Mr. Neil Kossler's write-up.
https://www.quora.com/Founded-a-company-and-filed-for-83b-in-exchange-for-IP-Should-I-report-these-a...
If the amount paid is equal or larger than fair market value, then the amount to include in gross income is $0.
Hope this helps.
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