Tax Explorer
Level 4
10-02-2022
05:33 PM
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Hi Terry,
Apologies for the late reply. I was able to follow what you did to get the Section 1202 gain on Schedule B. However, ProSeries seems to be calculating the Section 1202 gain by the long-term capital gains tax rate rather than the 28% tax rate. Do you know how to get the Section 1202 gain to be multiplied by the 28% tax rate?