Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Release notes

1041 Fiduciary 24-3.5F

Pending releases

Release date: 3/07/2025
You can now delete
Form 8082
 entries.
New York
: There is an informational diagnostic to alert preparers to a possible rollover issue with prior year estimates paid in the current year. Verify that the amount rolled over from prior year estimates paid in the current year does not include a 2022 overpayment from the 2023 return. Use this query for 2023 1041 to identify potentially affected returns
For the 2024 return, go to Organizer, select
States
New York Payments
. In the Estimated Tax section, enter the correct amount for the
Prior Year Estimates Paid
 in the current year.
Federal forms available on this release:
  • Form 3468, Investment Credit
  • Form 6765, Credit for Increasing Research Activities
  • Form 7217, Partner’s Report of Property Distributed by a Partnership
  • Form 8582-CR, Passive Activity Credit Limitations
Federal forms not available:
  • 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 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
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.
  • 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'll 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.

Federal

State

We updated or corrected the following:
Alabama
: Corrected an e-file availability trigger to clear the diagnostic.
California
:
  • Corrected an alignment issue with the CA-541-B, Schedule K-1.
  • Corrected a print alignment issue on the CA-541A, Schedule K-1.
  • Corrected a grantor state message issue where capital gain distributions were being doubled up in the Federal column.
Hawaii
: 1041 HI - CR forms for 2024 are updated.
Maryland
: Added BRMS for Reject Code X0000-005 missing OfficerID.
Montana
:
  • Corrected an issue on the Montana Worksheet Schedule I to net total additions and total subtractions reported on Total of Additions and Subtractions.
  • Corrected an issue on the Montana Worksheet Schedule I that prevented this schedule from printing if the overall adjustment was negative.
New York
: Rollover for the field for prior year estimates paid in the current year does not include any 2022 overpayments.
North Carolina
: Corrected the print alignment issue for Form D-407 NC K-1 Beneficiary Resident checkbox.
North Dakota
: Corrected the beginning and ending date in the estimated tax payment vouchers.
Utah
: Corrected TC-41A Pt 4 Credit for Taxes Paid to Other States.
Vermont
: Corrected the interest rate for FIT-161 line 18.

This article applies to:

  • Product: GoSystem Tax RS
  • Return type: 1041 Fiduciary
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close