How do I report sale of qualified small business stock?

[Anonymous]

Nice. Thank you, Tom.

[TomYoung]

Here's what they had to say:
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Update: This is not supported in TurboTax.

We don’t support multiple lots because there is different exclusion rates that might apply depending on when the stock was acquired. If we allow different purchase dates, then we could wind up with lots that require different rates to be applied. This will significantly increase the complexity of the calcs in this area. And even if we did support it, I suspect it could cause confusion when it hits the IRS, due to the fact we’d be reporting a QSBS exclusion, but using an exclusion rate of something other than the 50%/75%/100% rates that are allowable.
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[Anonymous]

OK. Thank you for this clear and complete answer. I will enter them as distinct sales.

[xg36251987]

Hello, I was NOT able to find the QSBS exclusion option if I selected "Incentive stock option plan (ISO)" under "Choose the type of investment you sold". I was able to find the QSBS exclusion option if I selected "Stocks (except stocks acquired via employee stock plan)" as described in the recommended answer here.

What is the reason for the difference? Is stock acquired via an ISO not eligible for QSBS?

[ktuckera]

This is extremely helpful , and the answer as I suspected.  I am researching a 2020 sale that recently occurred, and which unfortunately involved 2 different purchases over approx 12 years with 50, 75 and 100%  exclusion rates and I was hoping that Turbotax could handle it. A lot of work but sounds like all the calculations will be done correctly and I just have to patiently enter everything.