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.

[richard_crimi]

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?

[BillM223]

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.

[richard_crimi · Accepted solution]

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.

[Mango-muncher]

I have the same error message and entered in the information by hand as suggested.  This still gave an error message.   I also tried entering in 0.00 and the error persisted.  I selected 'none of the above' when it came to resolving the error message and it takes me back to the original error message.  Going round and round in circles.

[AmyC]

The box should be blank to avoid the issue. 

@Mango-muncher