TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Solved

Why does TT give an error message about 1202 exclusion percentage? My 1099-DIV has $0.00 in Box 2c. So there is nothing to exclude, yet there' no option to disregard.

Forum|Forum|2 years ago
January 25, 2024
1 reply
0 views

After downloading my 1099-DIV from Vanguard, TT error indicated "We found something wrong with your return." There were choices for 50%, 60%, 75% or 100%. How do you fix this so there's no error?

TurboTax Deluxe Online

Best answer by richard_crimi

I did this several times to no avail. I found in another post the suggestion to leave boxes blank in TT that had zero on the 1099-DIV. That solved it. It's seemingly something that TT ought to fix. If a box has $0.00 on the 1099=DIV, clearly the exclusion percentage does not apply.

In this case, it's possible that the download failed by inserting some gibberish here and there.

To fix this,

1. get a printed copy of the 1099-DIV (or copy it out by hand),

2. then delete the 1099-DIV in TurboTax (look for "Delete" or the trash can icon),

3. then re-enter the 1099-DIV by hand.

This will almost certainly fix your situation faster than trying to figure out what happened in the download.

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

richard_crimiAuthorAnswer

I did this several times to no avail. I found in another post the suggestion to leave boxes blank in TT that had zero on the 1099-DIV. That solved it. It's seemingly something that TT ought to fix. If a box has $0.00 on the 1099=DIV, clearly the exclusion percentage does not apply.