I am trying to use TurboTax Business 2017 to file a Federal 1041 return for a Revocable Trust. But TurboTax will not accept a sale date by the Trust of 04/28/2017.

I am trying to use TurboTax Business 2017 to file a Federal 1041 return for a Revocable Trust. The only asset in that Trust was a house. The Trust sold the house on 04/28/2017. The problem I have having is that TurboTax Business 2017 will not accept that date as the sale date. The message TurbotTax gives me is: "The date of sale you entered is not within the tax year of 7/08/2017 through 05/31/2018." I do not know how to proceed. Is there a mistake within TurboTax? How can I use TurboTax to file this return? ???

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1 Best answer

Level 15

Jun 3, 2019 5:04:19 PM

" "The date of sale you entered is not within the tax year of 7/08/2017 through 05/31/2018.""

Ensure that you did not inadvertently select a tax year that began on 7/8/2017; the vast majority of trusts are required to use a calendar year (see screenshot).

Level 15

Jun 3, 2019 5:04:19 PM

" "The date of sale you entered is not within the tax year of 7/08/2017 through 05/31/2018.""

Ensure that you did not inadvertently select a tax year that began on 7/8/2017; the vast majority of trusts are required to use a calendar year (see screenshot).

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I am trying to use TurboTax Business 2017 to file a Federal 1041 return for a Revocable Trust. But TurboTax will not accept a sale date by the Trust of 04/28/2017.