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Release notes

1041 Fiduciary 23-4.2F

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Pending releases

Release date: 4/05/2024
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 3468
    , Investment Credit; we hope to release this sometime in May, and advise extending returns with Form 3468 in them.
  • Form 3800
    , General Business Credit; we hope to release this sometime in May, and advise extending returns with Form 3800 in them.
  • Form 5884
    , Work Opportunity Credit
  • Form 6765
    , Credit for Increasing Research Activities
  • Form 8586
    , Low-Income Housing Credit

New York

We revised New York
Fom IT-205-J, Part 4
  to include years back to 2014 and not just the 5 prior years listed on the form itself. This change was implemented due to an email from the state of New York.

Federal

We updated QBI statement whitepaper to line up total amounts with description.
We corrected a print alignment and overstrike issue with the
Form 4952
 detail attachment total.
Form 5227, Page 4, Part VI, line 4a
 is updated to limit min 5% and max 50% and round up to 2 digit decimals.
We corrected an issue where a portion of other income which should be included in NII on
Form 8960
 was ignored with respect to Form 8960, line 18b and
Schedule K-1, line 14
, code H.
We updated pass-through entity investment interest carryover to compute the correct Schedule A AMT carryover amount on
Schedules C, E, F
, and
Form 4385
.

California

We corrected
CA 541-B, Page 2, Part E
 to correctly generate in print when the entity is a charitable remainder unitrust or a charitable remainder annuity trust.
We updated Schedule J to print without selecting the option
Always print Schedule J
 when it is required to file.

Colorado

We added an option to print Colorado Form DR 0104BEP when the payment amount equals NONE.

Delaware

We corrected a misalignment on FID-TAX Page 2 Schedule B Column A and Percentage.
We corrected the Delaware Estimate Tax Worksheet trigger currently printing under the Alabama folder.

Georgia

We corrected the Form 501 Georgia Grantor Trust to populate as it should.

Hawai'i

We corrected the tax-exempt dividend income from consolidated 1099 on Form N-40, line 2, ordinary dividends.
We corrected a print alignment issue on Form N-210, Page 1, Part II, line 7.

Illinois and Illinois NR

We have updated the Schedule K-1-P Organizer screen to enter only one ratio for Step 1, line 4 either ratio, share investment partnership, or share schedule of factors.

Iowa

We corrected an issue causing schema validation errors for Iowa PTE-C when there is no tax being withheld for beneficiaries.

New Jersey

We corrected the computation of New Jersey source income for nonresident grantors within a New Jersey situs grantor trust.

New Mexico

We corrected the New Mexico Estimate Tax Worksheet trigger currently printing under the Alabama folder.

This article applies to:

  • Product: GoSystem Tax RS

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