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February 14, 2024
Question

Turbo Tax is saying I have an exclusion percentage reported on my 1099-DIV from my uploaded doc. My statement shows $0.00 in boxes 2a-2f. What gain % amount do I report?

  • February 14, 2024
  • 1 reply
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Box 2d says "Collectibles (28%) gain.

1 reply

February 14, 2024

If you have an amount in Box 2d, Collectibles, that is taxed at 28%.  The exclusion % applies to Box 2c, so if you have a $0 there, the exclusion % question doesn't apply to you and you don't need to enter anything. 

 

Here's more info on how Capital Gains are Calculated, which varies depending on your taxable income, and can be anywhere from 0% to 20%.