No, a zero means you do not have an exclusion. Box 2c. Section 1202 Gain Enter any amount included in box 2a that is a section 1202 gain from certain qualified small business stock. If there is no entry, or a zero, you do not have an exclusion.

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richard_crimi

Solved

On a 1099-DIV, TT is asking "what exclusion percentage do you see on your statement. Box 2c has $0.00 section 1202 gain. Does that mean 100% exclusion?

Forum|Forum|2 years ago
January 25, 2024
2 replies
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TurboTax Deluxe Online

Best answer by SteamTrain

In general...for most (all?) forms in the TTX software...boxes with a zero in them on paper..those should normally be left entirely blank on the software form.

JohnB5677

No, a zero means you do not have an exclusion.

Box 2c. Section 1202 Gain
Enter any amount included in box 2a that is a section 1202 gain from certain qualified small business stock.
If there is no entry, or a zero, you do not have an exclusion.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

SteamTrainAnswer

Employee

In general...for most (all?) forms in the TTX software...boxes with a zero in them on paper..those should normally be left entirely blank on the software form.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

richard_crimiAuthor

Wow, thanks for the tip. Who would have ever known that zero doesn't mean nothing? I did as you suggest and downloaded the 1099-DIV again and this time, no error. It's rather non-intuitive to me that one needs to do that to make the software work correctly.