Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Release notes

1041 Fiduciary 23-3.4F

tip

Pending releases

Release date: 3/1/2024
The following forms are not available with this release:
  • Form 8865
    , Return of U.S. Persons With Respect to Certain Foreign Partnerships
  • Form 990-T
    , Exempt Organization Business Income Tax Return
  • 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
  • NOL carryover schedule

Rhode Island

The current final instruction of Schedule K-1, dated as 01/04/2024, will get an update soon. We’ll update our application accordingly. For now, we are blocking Rhode Island Schedule K-1 from printing.

Federal

We added a diagnostic to explain that
Form 1116
, Schedule B and Schedule C e-file are included in the schema. A PDF attachment is not needed.
We added
Form 982
 into electronic filing.
We added a new
Form 1041-S
 country dropdown menu to include "the United States" and "Other Country".
We updated the
ESBT worksheet
 capital gain tax rate to 28%.
We created an entry field for tax generated under
§962 election
. This tax will transfer to Form 1041, Schedule G, line 8.
We removed the
Form 1041
, Page 1 masking of the trust and firm EIN.
We corrected the business rule
F1041-095-03
 and deleted the business rule
F4136-128
.
We corrected an issue with
US Government Interest Reported as Dividends
 being incorrectly divided between the beneficiaries on the Beneficiary Tax Information Letter.
We corrected the alignment of the
Form 1041
, Page 3, line 1 statement reference.

Alabama

We updated the Alabama BRMS Rule SFC-AL41-184 for Growing Alabama Credit computation.

Hawaii

We updated Form N362 e-file.

Illinois and Illinois NR

We updated Illinois BRMS rule ILHeader-EST-2400-1 to check the self-employed checkbox indicator.
We added the Illinois business rule IL1120M-3750-1.
We updated the logic for Illinois business rule ILSCHD-2700-1 for foreign recipients to check for missing foreign country code instead of foreign province.

Indiana

We updated LAFI Filing instructions to print the E-file Declaration form name and signature-required section.

Iowa

We updated the print for IA 1041 Page 2-10 to print the trust EIN even if there is no Iowa Schedule K-1.

Louisiana

We corrected the 2D barcode scan values to print blank if the form value is zero for Form IT-541.
We updated Form R-10606, Supplemental Worksheet for Credit for Taxes Paid.
We corrected the fiscal year beginning and end date print format on page 1 of Form IT-541.

Maine

We corrected a print alignment issue on Schedule 2.

Maryland

We updated Form 504UP, Page 1, line 14 adjusted factor.
We updated the local income tax rates for Maryland to 2024 estimates.

Massuchetts

We turned off Massachusetts business rule F2-215 that was generating in error.

Montana

We corrected the print alignment on pages 1 to 3 of Form EST-I, Underpayment Form.

Nebraska

We updated the calculation for Form PTC Property Tax Credit, line 2.

New Jersey

We corrected an issue causing prior year tax refund entry to appear as negative other income.

Oklahoma

We corrected the print coordinates for Form 513 amended and final boxes.

Rhode Island

We updated to block Rhode Island Schedule K-1 print and form view due to final instructions pending.

Vermont

We corrected Form FIT-161, Page 2, line 18 Yellow Whitepaper detail.
We fixed the cursor movement through the Organizer/Payments screen.
We corrected the Form FIT-161, line 1 Whitepaper detail title to print correctly as "Overpayment".

Wisconsin

We corrected Schedule 2WD, line 28 loss.
We corrected Schedule 2K-1, Page 2, Tin Print to be masked.

This article applies to:

  • Product: GoSystem Tax RS

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close