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

[RichardK · Accepted solution]

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