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Release notes

1040 Individual 24-4.2F

Pending releases

Release date: 04/04/2025
Form 3800
 is released with the following limitations. E-file is available for Form 3800 if Part VI is not used in a return.
  • For 2025 we are pulling in prior year suspended losses into Parts IV and VI from Form 8582-CR. The carryover schedules will only be used for non-passive carryovers. If your carryover schedules include passive numbers from the prior year that are covered by Form 8582-CR prior year-suspended losses, you will need to make an adjustment so the amount is not doubled.
  • There is a hyperlink on top of pages 3-9 that will take you to workpapers where you can override for parts V and VI.
    • If there is a single row on the grid, the credit won’t print on parts V and VI (instead it goes directly to parts III or IV)
    • If you add a line be sure to include the Line Number since it's the line number field that determines if data transfers to parts V and VI or straight to parts III and IV.
Form 6252
: We're updating the checkboxes label.
State forms currently under development:
  • California, multiple Form 568 LLC e-file is available. However, the functions to e-file multiple 568 LLC extension and estimated returns are still under development.
  • Montana, Credit for Income Taxes Paid to Another State or Country and the Annualized Income Installment Method
  • Oregon Counties, Form PIT-V and Filing instructions for OR-TM, Metro SHS and MultCo Preschool
Michigan
:
  • MI-1040D, Part 4 is not populating when Michigan has capital loss carryforward balance, but federal has not. This will be addressed for release 24-4.3T.
  • Fotnotes for Michigan Cities are under development and will be available for release 24-4.3T.
Philadelphia BIRT and SIT
: We're working on adding the e-file signature authorization, as well as a direct debit function.

Federal

We updated or addressed the following:
Form 965
: Added the 8th installment voucher payment.
Form 3468
: Updated the schema for the validation error Error: Expecting: FacilityOwnerPersonNm, FacilityOwnerBusinessName.
Form 3800
 and
8911
: Updated the Form 3800 to take either K-1 amounts or amounts filled out directly on the form.

State

We updated or addressed the following:
Alabama
: Updated Schedule B Interest and Dividends to correctly transfer Resident % from Organizer to Interest and dividends.
California
:
  • Multiple Form 568 LLC e-file is available. Follow these steps to create the e-file:
    1. Activate 568 LLC in Organizer by selecting
      States
      California
      568 LLC
      LLC Schedules
      .
    2. We automatically carry activity name from federal Schedule C, E and F.
    3. Enter
      X
       next to
      Activity name
       to generate 568 LLC for the activity. Each 568 LLC activity will have an Organizer folder that has multiple tabs for entering data. The folder name will be the activity name.
    4. Enable e-file by selecting
      States
      California
      568 LLC
      CA LLC for Sch C (E, F)
      Activity name
      General Information
      .
    5. Select
      Efile Enable
      .
    6. Enter the Change Bank Information by going to
      States
      California
      568 LLC
      LLC Banking Information
      .
    7. Enter
      X
       to authorize direct debit.
    8. Enter the direct debit date and amount to debit.
    9. Create the e-file by selecting
      E-file
      , then
      Enable/Create
       spreadsheet. Make sure
      CA LLC
       is populated in column A.
    10. Select
      Create Return E-files
      .
    11. View the e-file status by selecting
      E-file
      , then
      Enable/Create
      spreadsheet and select
      CA LLC
       in Column B to view e-file status for each activity.
  • Corrected an issue where Form 568 LLC was not visible under Tax Forms.
  • Updated 568 LLC Extension/Estimate Schema to 2024v1.0.
Connecticut
: Corrected 1040 Tax Recapture amount for filling status MFJ, income range $550,001 to $560,000 from $3,680 to $3,380.
Idaho
: Updated the calculation of the Child/Dependent care credit worksheet on Form 39NR, Part B, line 4.
Indiana
:
  • Updated 1040 Indiana Form IT-9 Filing instructions Due Date.
  • Updated Sch NOL-MOD Print Condition.
Maryland
: Updated Form PV because the state released a new version of the form.
Michigan
:
  • Addressed the issue where the Savings account checkbox for the direct debit option on Form 5472 was not populating although the Savings account was selected.
  • Addressed the issue where the paid preparer name was printed as the ERO's signature when the ERO was not the paid preparer.
  • Added standarized worksheets for deduction of income from U.S. obligations.
Pennsylvania, Philadelphia - BIRT & SIT
: Updated the return header Spouse SSN so it correctly generates to e-file.
Wisconsin
: Corrected Schedule I, Part-II so it correctly generates to e-file.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1040 Individual
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