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Level 4

Distributions from Widely Held Fixed Investment Trust (WHFIT)

I received distributions of principal and interest from mortgage instruments in a widely held fixed investment trust (WHFIT) that were recorded in the tax year, but not paid until after the end of the tax year (January).  TurboTax will not accept the acquisition and sale dates for these transactions because they do not occur within the tax year.  How can I resolve this?

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Level 8

Distributions from Widely Held Fixed Investment Trust (WHFIT)

In order to report the distribution for 2017, it needs to have taken place in 2017.  You will use the date of distribution, not the date you were paid, to report this transaction.  You did receive a 1099-B or another tax document, correct?  If you did not receive a tax document, consult with the WHFIT custodian to determine the tax year this distribution should be reported.