1041 Fiduciary 23-4.5F

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Pending releases

Release date: 4/26/2024
The following forms are available with this release:
  • Form 3468
    , Investment Credit.
  • Form 3800
    , General Business Credit.
  • Form 5884
    , Work Opportunity Credit
  • Form 6765
    , Credit for Increasing Research Activities
  • Form 8586
    , Low-Income Housing Credit
We changed the position of the grantor text on
Form 1041
, Page 1 so it's easier to read.
We updated the
K-1 reconciliation worksheet
to include the new K-1 fields.
We updated
Form 8995-A
, line 33 to coordinate with the Form 990-T return.
The following forms are not available with this release:
  • Form 8865
    , Return of U.S. Persons With Respect to Certain Foreign Partnerships and all Schedules and Forms included under the 8865; we hope to release this sometime in May, and advise extending returns with Form 8865 on them.
  • Form 3800
    , carryover utilization will be available mid-June.

Louisiana

We added a reject diagnostic to disqualify extensions that do not have a payment.

Minnesota

We added a reject diagnostic for Business Rule M2-0229.

Rhode Island

We updated the Rhode Island filing due date in responding to the state's new announcement.

Federal

We updated 1061 recharacterization worksheet to compute unrecapture 1250 on the worksheet
We uddated the
Schedule K-1 Statement A
other adjustment allocation so that it prints the correct amount.

Georgia

We corrected the vendor code for Georgia Form 500-ES.
We corrected the wording on Form 501 Georgia Grantor Trust so that it populates correctly.

Idaho

We updated Final Year Income distribution on Form 66, Page 1, line 5.

Iowa

We updated IA Form 1041 to print the correct amount on Page 8, Column B, line 5.

Massachusetts

We corrected an issue on the Massachusetts Schedule D, line 11 (gains on collectibles) to limit the value on line 11 to the amount on line 10 of the Massachusetts Schedule D.

Michigan

We updated MI-8949 to generate correctly in print when the long-term asset sold is a collectible investment.

Virginia

We corrected Virginia Business Rule 770-370 e-file triggers.

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