Knowledge Base

13333: Entering Qualified Small Business Stock (QSBS)

1040 Individual

Where do I enter gains from the sale of Qualified Small Business stock (QSBS) in the software?

Enter gains on the sale of Qualified Small Business stock in the section designed for those sales on the 8949 screen, located on the Income tab in data entry of the return.

Section 1244 Small Business Stock Losses can be entered on the 4797 screen with property type of 44. Note that there are limitations to the amount that may be claimed as ordinary losses under Section 1244 and the taxpayer may be further limited in the amount of capital loss allowed on the return. See Publication 550, Investment Income and Expenses for more information.

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