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Section 1202

MBR C
Level 1

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?

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2 Comments 2
sjrcpa
Level 15

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.
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MBR C
Level 1

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

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