>I have a SQL which I execute and then I use Cut&Paste to copy everything into Excel. I have a VARCHAR(MAX) field which contains CHR(13)+CHR(10) at various places for the values in each record. Thus, I am looking for a way to copy that into Excel where the result would be compliant with ALT+ENTER support. Is there a way to accomplish that?

I usually use copy and paste, but there's an Export Data under Database/Tasks that I've also used occasionally.
I've never tried what you're trying, but it might be worth a look.