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Date of Disposition has an unacceptable value

Hi,

I'm trying to file a final business return. We had only a few minor assets that were just donated. They were disposed of in 04/2020 and this is for the 2020 tax return. Everytime I put in the date of disposition for 04/01/20 TT keeps telling me the date of disposition has an unacceptable value for every item. I even tried different parts of 2020 as well as from 2017-2021 trying to figure out what it wanted. However, it doesn't accept any of my dates. I also can't move forward since it wants to know how I liquidated for my final business year. The only other part of that form showing in red is the recovery period.

Not sure if it matters but we had 0 income for 2020 and 0 operating costs in 2020 as well.

 

Any help would be appreciated.

Thank You.

1 Best answer

Accepted Solutions

Date of Disposition has an unacceptable value

Please disregard, problem solved.

Apparently at some point the short year date I put in was starting 06/2021 instead of the beginning of 2020.

Of course that error popped up as the last one, so I only found it after skipping all the other errors.

Once I changed that start date, all the other errors resolved.

View solution in original post

1 Reply

Date of Disposition has an unacceptable value

Please disregard, problem solved.

Apparently at some point the short year date I put in was starting 06/2021 instead of the beginning of 2020.

Of course that error popped up as the last one, so I only found it after skipping all the other errors.

Once I changed that start date, all the other errors resolved.

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