Hi Everyone, I have a client that received K-1's from an SPV, AngelList that has some QSBS capital gains. Per AngelList, the SPV itself is not QSB, but the underlying portfolio company is section 1202.

I am trying to figure out how to record it. I don't know if it would be a good idea to remove the capital gains from the the K-1 entry and record it directly on Form 8949. Then I can make the stock qualify for section 1202. 

Do you guys have a better idea?

Thanks a lot.