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M
MBR C
Level 2
May 21, 2026
Question

Section 1202

  • May 21, 2026
  • 1 reply
  • 8 views

When I import my clients 1099-comp form from Schwab, ProConnect doesn't allow me to input a value of 0 on line 2c Section 1202 gain. His 1099-comp form has a 0 for 1202 gain. Why is this?

1 reply

sjrcpa
sjrcpa
Level 15
May 21, 2026

If it's zero why does it need to be entered?

If you think it does "-1" = zero in ProConnect and Lacerte.

The more I know the more I don’t know.
    M
    MBR CAuthor
    Level 2
    May 21, 2026

    ProConnect was automatically demanding an amount. But I was able to just delete the line. 

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