Solved
I have sold stock of a private C Corp (1202 eligible). I indicated this fact, but TurboTax still adds the capital gains to my income. How do I correct this?
The gains are $400,000 and the company is well under the revenue threshold.
I have held the stock for 11 years.
In TT I have the dates correct: 5/1/2013 to 10/30/2024.
I then selected "This is a small business stock" and then selected "Qualified small business stock eligible for exclusion of gain (section 1202)".
TT shows "Sales Selection" as Long-term (Box F).
This all looks right to me, so I am puzzled on why TT is not treating it as exclusion.
Thanks for your reply and I appreciate further comments.
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