Skip to main content
April 15, 2023
Solved

Unable to use TurboTax Business (Form 1041) for QSB Stock

  • April 15, 2023
  • 1 reply
  • 0 views

I have a Children Trust with QSB Stock that was held for over 5 years, which means any capital gain can be excluded within a limit.

 

I'm using  TurboTax Business 2022 to file Form 1041, as the personal versions of TurboTax cannot be used for Trusts.  

TurboTax Business is NOT allowing me to specify QSBS capital gain exclusion.

 

It's not uncommon to have trusts with QSBS as people give stocks as gift to their children.

 

Even in the Form mode, the Form 8949 is showing error if I try to override it.

 

What can I do to use TurboTax Business for QSBS and capital gain exclusion?

Thanks!

Best answer by Anonymous_

 

 

1 reply

April 16, 2023

 

 

PKusaAuthor
April 16, 2023

Thanks Tagteam! It worked! 

April 10, 2025

Can you show the solution again.  the link does not work