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Message to Correct the Date of Sale
I'm getting an error message that the date of sale I entered is not within the tax year of 12/26/94 through 12/31/94 using Turbo Tax for Business for Home Sale. I'm doing taxes for 2020 so I don't understand why I am getting this message.
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Investors & landlords
Are you using TurboTax for Business? Does the error message really refer to dates in 1994?
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Investors & landlords
Yes. I found out the error was that I checked the box for partial year return instead of calendar year (my mom passed on 1/24/2020 so I am only covering the period form 1/24 through 12/31/2020) - the trust I am working on was created on 12/26/1994 and that seemed to make the system think that the period of the return was 12/26/1994 - 12/31/1994. I changed the period to calendar year return and was able to get around the problem so I'm good now. Thanks.