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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Turbotax is asking me which exclusion percentage to you see on my 1099-DIV statement. Where do I find this info?

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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Turbotax is asking me which exclusion percentage to you see on my 1099-DIV statement. Where do I find this info?

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.

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

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