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1041 Turbotax overrides actual trust creation date with 1st of the month
I'm using Turbotax business to do an estate return and several trust returns, using the calendar year method. In the "General Info / About your trust or estate" section, I entered the date of creation, 2/17/2019 for example. I also select the box for "short tax year". But when I print the finished tax returns, I find that Turbotax has substituted 2/1/2019 at the top of the 1041. It looks like this:
"For calendar year 2019 or fiscal year beginning Feb 1, 2019 and ending Dec 31, 2019".
Why do they do this ? The trust wasn't even in existence until Feb 17th. Is it a bug ? Should I use Go To Forms and override it to 2/17/2019 ?
Topics:
March 18, 2020
12:13 PM