Entering Section 1202 exclusion amounts

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Enter qualifying Section 1202 gains eligible for the partial exclusion in one of the Section 1202 gains fields on the Income > 28% G/L tab.

Planner CS automatically calculates the applicable exclusion from income. For tax years 1998 and later, Planner CS also calculates the AMT adjustment related to the Section 1202 exclusion; see the Percent for Sec 1202 exclusion and Section 1202 exclusion fields on the AMT > Alt Min Tax tab.

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