luannemcgee

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%.

Status: New
0 Votes
Vote now if this is a good idea