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Release notes

1041 Fiduciary 24-3.3F

Pending releases

Release date: 2/21/2025
Form 3800
 is released with the following limitations:
  • E-file is available for Form 3800 if Part VI is not used in a return.
  • The columns for applied against tax and carryover to next year won’t populate. Override as needed.
  • For facility credits are not taking into account any transfer or EPE registration numbers. This will be updated on a future release to pull in on a facility by facility basis instead of a summary basis.
  • Part VI won’t e-file at this time. A binary attachment is required until the IRS updates their schema. This information was found on the IRS Known Issues and Solutions website.
  • Credit utilization is not released yet. It will be available on a future release.
  • Calculation carryover revision: 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 double counted.
  • 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.
Federal forms not available:
  • Form 3468, Investment Credit
  • Form 4255, Certain Credit Recapture Excessive Payments and Penalties
  • Form 5884, Work Opportunity Credit
  • Form 6765, Credit for Increasing Research Activities
  • Form 7207, Advanced Manufacturing Production Credit
  • Form 7210, Clean Hydrogen Production Credit
  • Form 7211, Clean Electricity Production Credit
  • Form 7213, Nuclear Power Production Credit
  • Form 7218, Clean Fuel Production Credit
  • Form 8582-CR, Passive Activity Credit Limitations
  • Form 8586, Low-Income Housing Credit
  • Form 8835, Renewable Electricity Production Credit
  • Form 8865, Return of U.S. Persons With Respect to Certain Foreign Partnerships (including all Schedules and Forms under 8865)
  • Form 8933, Carbon Oxide Sequestration Credit
New state forms or functionality
  • We will no longer compute percentage depletion or allow intangible drilling cost for
    California
    returns due to a change in state tax law.
  • We added
    Alabama
    estimate for e-file.
  • We added hyperlinks for
    Form M2
    , Page 2, lines 17, 18, 30, and 31.
  • We added a workpaper for the
    South Carolina
     Form SC1041 Page 1, line 8, ESBT calculation.

Federal

  • We updated the print of QBI loss tracking worksheet.
  • We corrected logic that was causing a federal electronic filing reject diagnostic (regarding tax period end date) to be erroneously generated.
  • We updated print logic for
    Form 461
    . Form 461 will now print if there is excess loss amount to be reported on Form (that condition already existed) OR if a loss of 152,500 or more on any one of Form 461, lines 1 through 8.

State

We updated or corrected the following:
Alabama
: FDT-V vouchers pull amounts instead of entering them manually.
General
: Added the signature dates for fiduciary, ERO, and paid preparer on Form 8453-FID in the Tax Form view.
Georgia
: Updated print for Georgia Form UET.
Mississippi
: Added the 83-300 payment voucher for 990T returns.
Montana
: Corrected an issue on the K-1 causing Part IV, line 2, column a to include qualified dividends twice.
Nebraska
:
  • Included the Nebraska ID number in the electronic return.
  • Corrected an issue causing the Trust EIN to be included as a Beneficiary EIN on the electronic K-1.
Utah
:
  • Updated the print total for form TC-41A Part 2.
  • Updated the print for form TC-41A Part 5.
Vermont
: Corrected Schedule FIT-K-1VT-F lines 1-3 computation to reflect state residency.
West Virginia
: Updated the interest rate per the state instructions.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1040 Individual, 1120 Corporation
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