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Turbotax is asking me which exclusion percentage to you see on my 1099-DIV statement. Where do I find this info?
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Yes, you may see that very uncommon question if you have a figure in box 2c of your 1099-DIV.
This refers to a a stock sold under Section 1202. Under section 1202, a 50% exclusion may be allowed on the gain from the sale or exchange of qualified small business stock (QSBS) issued after August 10, 1993, and held for more than 5 years. The remaining gain is taxed at a maximum of 28%.
If you have a number greater than zero in box 2c of 1099-DIV, you need to contact your broker to find out your exclusion percentage.
If your 1099-DIV has a zero in box 2c, you can leave the screen blank because this doesn't apply to you.
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