709-US: Date of gift entered as "various" (FAQ)

Show expandable text

New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

You can’t enter "various" as the date of a gift because the Internal Revenue Service requires a specific date for each gift in order to establish the value of the gift and to begin the statute of limitations. If the client gave a gift on more than one date, divide the gift into separate entries.

Was this article helpful?

Thank you for the feedback!