Section 1244 stock loss -- How do I report a section 1244 stock loss for a partnership return using turbotax business?

roterhund — Tue, 04 Jun 2019 22:30:44 GMT

Turbotax provides instructions for entering section 1244...

RichardK — Tue, 04 Jun 2019 22:30:50 GMT

Turbotax provides instructions for entering section 1244 Stock:

· Log into Turbotax

· Type 1244 stock in the search box, click Find

· Click Section 1244 stock gain, how do I enter for a 1244 stock sale gain, and receive the benefit of the IRS 50% gain exclusion.

· Follow the instructions

· When you get to the Enter Asst Sale Information, select SSBIC stock from the Type of Sale drop list