1041 Fiduciary 24-1F

Pending releases

Release date: 11/22/2024
We modified the grantor tax letter presentation of capital gain distributions such that regardless of entry source, all such amounts now appear under the caption CAPITAL GAIN DISTRIBUTIONS (the terminology 'CAPITAL GAIN DIVIDENDS' no longer applies).
We updated non-calculating
Form 926
to be a calculating form.
We added
Election
for Section 469(c)(7)(A).
For all state programs, in print navigation, we standardized the state K1 preview description and print the beneficiary name after state K-1.
For all state programs, we updated the print order so the E-file Signature/Declaration for E-filing/Generic E-file Signature form is printed at the top of the state return package. It will follow the filing instructions, extension (if applicable) and extension f-file reasonable cause (if applicable.)

Federal

Form 926
: We disabled the add/delete functionality for 1041 Form 926 in the Tax form view.

State

Mississippi
: If the county code is not entered on the Mississippi General Information screen and the fiduciary zip code is in Mississippi then the system will automatically include the correct county code based on this information. We also updated the Mississippi General Information - County code field to a dropdown.
Alabama
: We updated Alabama AL8453-FDT and added Part II Estimated Payments.
Louisiana
:
  • We added Form R-8453F for Louisiana E-file Declaration.
  • We updated Louisiana zero-dollar amounts fields to be blank in printed form.
Minnesota
: We added a new Schedule NIIT, Net Investment Income Tax, for tax year 2024.
Montana
:
  • We updated the Form FID-3 for 2024 law changes.
  • We added override fields for Form M2MT column of Amount allocated to Minnesota
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