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Release notes

1040 Individual 23-6.2F

Pending releases

Release date: 8/09/2024
We redesigned
K-1 Review
 to use fewer pages. It reflects the new Schedule K-1 Other income and Other deduction fields.
  • 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're updating the
    K-1 Transfer
     from 1065/1120S/1041 to 1040 to reflect the new K-1 fields.
  • We're aware when a partnership has more than one
    K-1
     for the taxpayer, the system can't transfer multiple K-1s in 1 transfer. Currently, you have to transfer them one at a time. We’ll address this in a future release.
  • Schedule K-1 Review
     contains a note on the 1st page about a future update to reflect the new Schedule K-1 Other income and Other deduction fields. This only affects returns that contain these new Schedule K-1 fields.

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.

Oregon

Oregon Metro SHS
  • E-file is available. The validation error count and diagnostics display issue will be resolved in a future release.
  • We've added print for Form MET-40 and Form MET-40-NP.
Multnomah County Preschool
  • E-file is available. The validation error count and diagnostics display issue will be resolved in a future release.
  • We've added print for Form MC-40 & Form MC-40-NP.

Federal

We fixed an issue where
Form 3800,
 line 4e was doubling when a K1 connection exists
Letters and Filing Instructions
: We corrected an issue where the cover letter contained incorrect IRA contribution information in the year the taxpayer (or spouse) turned 50.
Form 8962
: We corrected an issue where the Applicable Figure line 7, amount is incorrect when line 5 is 245.

State

Arkansas:
 We updated
Form AR-OI
 line 11 for NR PY resident Arkansas Only to flow properly.
California:
 We updated a diagnostic regarding the SOS numbers to allow for 0s on the LLC NCNR tax claimed.
Colorado:
: We updated DR 104X Page 4, line 43.
Iowa:
: We added a new line 3C, 5C and 5d in IA 4136 Page 1 and Page 2.
Maryland:
: We corrected the default estimated payment dates displayed on the State Payment Organizer.
New Jersey:
 We updated the Form 2210 Option 1 Computation Multiplier.
Oklahoma
:
  • We updated the state filing instructions to show the correct wording for a delinquent payment.
  • We updated the whitepaper detail print of Form 511 Schedule B line 1 for brokerage statements.
South Carolina:
 We added the ability to adjust the South Carolina income/loss used in the South Carolina Form 8582 calculation on an activity by activity basis. Go to
South Carolina, then Passive Activity Limitation
 to see the new organizer.
West Virginia:
 We changed Schedule NFA-1 based on state updates.

This article applies to:

  • PRODUCT: GoSystem Tax RS
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