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Level 1
posted May 7, 2021 9:42:48 AM

I have sales for a QSB stock. From the IRS web: Form 8949, Part II.. enter "Q" in column (f) and enter the amount in column (g). How to do this in Turbotax?

Hello, I am trying to record the sales of stock acquired in 2010 as Exclusion of Gain on Qualified Small Business (QSB) Stock.  "Section 1202 allows you to exclude a portion of the eligible gain on the sale or exchange of QSB stock. The section 1202 exclusion applies only to QSB stock held for more than 5 years."   This was for a C-corp with limited yearly sales.   I have the sales recorded in Turbotax, and I would like to know how to mark the sales with the QSB stock exclusion and related amount in Turbotax as I qualify for the exclusion.   I don't see a way to modify the Form 8949 from the website.

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