turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Extension Filers on Sept 25! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

USAOzi
Returning Member

Unable to change the tax year dates from calendar to fiscal

Why can I NOT override the calendar year dates for Form10409/1040SR so that it reflects a fiscal year that begins July 1 20xx and ends June 30 20xx?

The option to change shows at the top of the Form 1040/1040SR but the override option to allow me to change the default January 1 to December 31 is greyed out and can't be used.

WHY?

How do I get this to work?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

Unable to change the tax year dates from calendar to fiscal

You establish a tax year when you file your first return using that tax year.

 

If you want to change your tax year, you need to file Form 1128.

 

Most individual taxpayers use a calendar year and, likely, TurboTax is programmed for calendar-year taxpayers.

 

You may have to print your return and change the dates manually.

dmertz
Level 15

Unable to change the tax year dates from calendar to fiscal

The TurboTax help for the fiscal-year date field explicitly states that TurboTax does not support the preparation of fiscal-year tax returns and that all calculations are performed on a calendar-year basis.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies