topic Section 1202 QSBS in Get your taxes done using TurboTax

Section 1202 QSBS

Seltzer — Tue, 10 Mar 2026 06:04:06 GMT

section 1202 QSBS on K-1, how to deduct shown on line 10 as "I" as income but notes state QSBS and to deduct from cap gains. How on turbo tax after entering K-1 data

Re: Section 1202 QSBS

Anonymous_ — Sun, 25 Sep 2022 00:59:30 GMT

There is no such code.

I suspect you will have to enter this as Code H and then use Forms Mode (which is not available in the online versions of TurboTax).

You might want to contact Support on Monday.

What is the TurboTax phone number? (intuit.com)

Re: Section 1202 QSBS

Seltzer — Sun, 25 Sep 2022 13:01:23 GMT

There is section 1202...For you to learn Section 1202 allows a taxpayer (other than a corporation) to exclude 50 percent of certain gain from the sale of qualified small business stock held for more than 5 years.