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Level 2
posted Jan 24, 2024 7:53:32 PM

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?

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1 Best answer
Level 15
Jan 25, 2024 8:48:22 AM

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.

3 Replies
Expert Alumni
Jan 25, 2024 8:29:19 AM

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.

Level 15
Jan 25, 2024 8:48:22 AM

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.

Level 2
Jan 25, 2024 1:00:36 PM

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.