To report it in TurboTax Online:
- Go to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) in the Federal Income section.
- Select Add investments if you land on the summary page.
- Select Enter a different way
- Select Stocks, Bonds, Mutual Funds (1099-B)
- Enter Brokerage Info
- Select No for Employee Stock
- Select No (1-3) for More than three sales
- Select Yes for Other types of investments
- Select Yes for Did you buy every investment? Then, One-by-one for How to enter
- Under Sales section title, select Long term did not receive 1099-B
- For Type of investment, select Stock (non-employee)
On the screen Let us know if any of these situations apply to this sale, select This was a small business stock
If you didn't buy other qualified stock, you may qualify to treat 50%, 75%, or 100% of the gain as tax-free under section 1202 if you held the stock longer than five years, depending on when the stock was acquired.