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Level 2
March 29, 2024
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Entering Form 1099-DIV Box 2c in lacerte

Related products:Lacerte
  • March 29, 2024
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There is no option for different gain exclusion percentages for the amount reported in Box 2c.  Lacerte will only calculate this box as a 50% gain exclusion.

There should be a toggle for 50%, 75% or 100% amount to exclude.  This is not an override box like it is on the Disposition input screen.  The only remedy to make this work for 100% gain exclusion is to enter double what is reported in Box 2c of the form.  Otherwise it takes 50%.