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Release notes

1040 Individual 23-7.2T

Pending releases

Release date: 10/08/2024
  • Form 3800
     is available. You can e-file this form for those not having credits from Forms 7207, 7210, 7213, and 8933. Carryover utilization will be available on a future release.
  • We are aware when a partnership has more than one
    K-1 for the taxpayer
    , the program can't transfer the multiple K-1s in one transfer. Currently, you have to transfer them one at a time. This will be addressed in a future release.
  • We are aware that the newly re-designed
    K-1 Review
     is not printing some line numbers. We will fix this in a future release.

California

We are aware of an issue where the SharedResponsibilityPenalty was included in the e-file when the taxpayer is claimed as a dependent which triggered Business Rule F540-960. We will correct this in a future release.

Iowa

We're updating the Form 126 e-file schema to include an attachment for a spouse's NOL waiver. It will be available in a future release.

Federal

Form 1116
: Miscellaneous income amount is not populated on line 1a worksheet.
Form 3800
 : We corrected an issue where Part VI was not populating if the only credit carryovers were from lines 3-4z.
Form 5471
: Resolved Schedule O format issue.
Form 6198 AMT
: Line one is erroneously using the override for CA if different if it is entered.
Form 8949
: Corrected print of sec. 1061 for long-term transaction from proceeds column to cost or other basis column.
Form 8958
: Page 1 Column C SSN format update.
Form 8960
 line 7: Excluded Income Type Passive from schedule C when it is also passive for 8960
Federal QBI
: Corrected an issue where the EIN for QBI Sub-units was masking for all users.

State

California
:
  • Form 7203: We added fields for lines 8a-8c to the Tax Forms view.
  • Form 6198 NR: We corrected an issue where the Other Deductions Nonpassive from a K1 is populating with the Other Deductions Passive numbers.
  • Basis Resident AMT Deduction Expense Worksheet: We corrected an error where the totals were incorrect in print.
  • Form 6198: We corrected an issue where line 3 is including both dividends and US portion of ordinary dividends (interest).
Colorado
: We updated the print alignment for Form DR 104 Page 2 line 7 and the corresponding whitepaper statement.
District of Columbia
:
  • We updated DC-40 Page 1 Part-year Resident print issues for date/month/year.
  • We corrected Schedule U Credit for Taxes Paid to Other State(s) line f.
Iowa
: We updated the print on Form IA 134 - S Corp.
Maryland
: We updated Form 502, line 5, the third addition code box so that it now is populating correctly when addition code B is entered on the first or second code box.
Massachusetts
: We updated Schedule SC line 6 for max of $30,000.
Mississippi
: We updated Form 80-160 print.
New York
:
  • We updated Form IT-641 when it is dropped from the Tax Form view for nonresident returns. It's not affecting e-file or print.
  • We updated IT-225 Additions for nonresident/part-year resident for adding NYC PTET credit addback (code-222) in NYS allocation column.
New Hampshire
: We updated to the e-file to correct the date rejection.
North Carolina
: We updated Form D400 Page 2 line 26b to populate.
Oregon
: We added a reject diagnostic to Oregon Metro SHS & Preschool for requested payment date (after due date).
Rhode Island
: We updated Form RI 2210 Part 3 line 14 to populate.
South Carolina
: We updated Form SC1040TC38, line 1, to correctly generate the e-file.
Wisconsin
: We resolved Suppress Wisconsin in selected print issue when WI is not active.

This article applies to:

  • Product: ONESOURCE Income Tax Express RS
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