Trust: capital gains

[stilldeader]

Trust: capital gains (home sale) after DOD and facial year?  DOD 05/15/19.  Facial year 05/31/19.  Home sold 12/15/2019.   We're using Business turbo.  Why can' t we enter the gains?

[tagteam · Accepted solution]

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@stilldeader wrote:

Trust: capital gains (home sale) after DOD and facial year?  DOD 05/15/19.  Facial year 05/31/19.  Home sold 12/15/2019.   We're using Business turbo.  Why can' t we enter the gains?

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On which date does (did) your fiscal year end? You cannot enter a transaction that occurred after the end of the fiscal year.

Regardless, this is a common occurrence - check the tax year you selected for your return (e.g., calendar year, fiscal year (start and end dates), etc.) and make sure the transaction occurred within that tax year.