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Release notes

1065 Partnership 23-5.3T

tip

Pending releases

Release date: 6/11/2024
Form 7205
, Energy-Efficient Commercial Buildings Deduction is pending the release of the e-file part.
We released an excel template for
Form 1042
 and
1042-S
.  The excel template uses the Tax Return Import method and an API call to complete the import.
note
You'll need a license for Data Connection to use that feature to import. Contact a sales representative for activation.
You can download the templates for 1120 and 1065 on the File downloads page.

Arkansas

We added the calculations and e-file for Form AR1100NOL. Print is still pending.

Nebraska

Form 1065XN and schedules are pending development.

Oregon

Form OR-QUP-CAT is pending for future release.

Federal

We added a checkbox on the
Depreciation Compute and Print Options Organizer
 to let all depreciation assets transfer to New York City. Also, we added a note to the state depreciation asset screen, preceding the New York entry line, to alert clients to this and the New York State similar option. Note: This option already exists on the same Organizer screen for New York State.
When an entry is made on
Federal Organizer/Activity Information
, Pass-Through Entity, Pass-Through Entity Activity, K-1 Line, lines 1-15 for non-portfolio short-term capital gain (loss) and/or non-portfolio long-term capital gain (loss), the data will transfer to the lines on the Pass-Through Entity schedule, Schedule D, and on Schedules K, line 11 and K-1, line 11s. These amounts will
not
 transfer to Schedule K and Schedule K-1, lines 8 and 9a.
We modified the calculation for
Form 5471
, Schedule Q, Line 4, Columns (i) and (ii) to include Line 1f when high tax election is indicated.
We corrected items related to
Form FinCen 114
, Page 5, Part V, line 23.
We corrected a
Form 8453-WH
 text print overlap for the phrase “Capacity in which acting”.

Alabama

We included Section 743(b) amounts from Federal.

Arkansas

We corrected print for Form AR 1050, Page 4, line 19c.

Indiana

We added a “do not apportion” option for Schedule K-1, Part 4, line 2 Net Bonus Depreciation Allowance.

Nebraska

We completed substantial updates for other income/loss and other deductions on Schedule A and Schedule K-1N tax forms. We also update the e-file for K-1N other income/loss and other deductions. You'll need to use the checkbox in Organizer, States, Nebraska, General Information, then Report K-1N detail to use new calculations and detail fields.

New Jersey

We modified the calculation for NJ-CBT-1065, Page 2, line 7 to transfer information directly from Schedule T, if Schedule A, Part II, line 3 has a CBT checkbox selected.

New Mexico

We restored partner aggregation for Schedule PTE-D (formerly RPD-41367).

Ohio

We restored print for Form 120 CCA filing instructions.

Oklahoma

We changed partner allocations for Form 514, Page 4, line 15 Net Distributive Income.

This article applies to:

  • Product: GoSystem Tax RS

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