I have 1099-B income that qualifies for Section 1202 exclusion. I'm using TurboTax Premier and I can't find a way to specify that 1202 exclusion. Can someone show me?

[gabrielmsimon]

I have seen the other posts that apparently solve this issue, but I don't see anywhere to indicate "My sale involves one of these uncommon situations"

[MarilynG1 · Accepted solution]

In Premier, you may see a screen titled 'Let us know if any of these situations apply to this sale' (screenshot). 

You can select Small business Stock here. 

Continue to screen where you can select 'Type of Business Stock' and select your stock type (screenshot).

Continue to where you can make an Adjustment entry, based on type of stock.

[gabrielmsimon]

Thanks, by the time you get to that screen it's pretty straightforward.  I had a lot of trouble getting there, but finally figured it out. In case anyone else finds this useful, here's what I did:

Did you receive a 1099-B?

Yes

I’ll type it myself

Do these sales include employee stock? No

Do these sales include other types of investments? No

Did you purchase all these investments? No

What type of investment? Stock (non-employee)

How did you receive? I purchased it

Sales category? D - Long-term covered

Let us know if any of these situations apply:

This was a small business stock: X

Do you need help figuring out cost basis?

Yes

How do you want to calculate cost basis?

xxx

What kind of small business stock?

Qualified 1202 acquired after 9/27/2010 (100% gain exclusion)

Adjustment amount: 

[tech_guy73]

These are great instructions.  I am getting to the last screen, but it is only giving me 2 options.  Either for form 1045 or nothing applies.  I am not seeing anything for section 1202 exclusions.  Any help will be appreciated!