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Release notes

1041 Fiduciary 24-4.2F

Pending releases

Release date: 4/04/2025
Form 8835, Renewable Electricity Production Credit is available for this release
Federal forms not available:
  • Form 7211, Clean Electricity Production Credit
  • Form 7218, Clean Fuel Production Credit
  • Form 8933, Carbon Oxide Sequestration Credit
Form 8865
, Return of U.S. Persons With Respect to Certain Foreign Partnerships and all Schedules and Forms included under the 8865 is available for e-file for this release with the following exceptions.
Also the following forms under the 8865 are not available within the tax application yet:
  • Form 3468, Part V: Only applicable to returns ending in 2025
  • Form 4255
  • Form 6765
  • Form 7210: IRS e-file schemas updated to allow for filing with Form 8865.
  • Schedule K/K-1 line 15 Codes S, W, and X and line 20 Code AV (applicable to tax years ending in 2025).

Federal

We updated or corrected the following:
  • Updated the application so it correctly counts the month number for late payments on the Penalty and Interest workpaper.
  • Updated Form 8868 return code 05 for 990T (sec. 401(a) or 408(a) trust).
  • Corrected Form 6198, line 4 so it doesn't double the depletion expense.
  • Updated Schedule H, Page 1, lines 1 thru 9 in the e-file to generate the correct amounts..
  • Corrected the general business credit carryover amount in the carryover schedules.
  • Merge 990 Form 3800.
  • Updated the partial grantor total input screen to provide more instruction for partial grantor return data entry.
  • Updated QBI Statement A to eliminate the duplicate print.
  • We corrected issue where amounts paid/received with original filing were causing overpayment to be applied to be computed incorrectly.

State

We updated or corrected the following:
Alabama
: Added an option in Organizer for Alabama Form 41, Page 1, for
entity has income from more than one state
.
California
:
  • Added a checkbox to transfer the current year capital losses for the final year returns.
  • Added a final year Organizer input field for CA 541.
  • Added override fields for the number of trustees and beneficiaries on Form 541, Page 3,Schedule G
Georgia
: added an Organizer input checkbox field for
Amended return for Georgia Form 600-T
.
Maryland
:
  • Updated Form 504, Page 3 to populate and print Signature of Preparer.
  • Updated to correctly generate the reject diagnostic code Form504SchA-07910-010.
Montana
:
  • Corrected an issue on Montana, Schedule IV (ESBT) for line to divide line 19 by line 7.
  • Corrected an issue on Montana Schedule K-1 for the source income column. The beneficiary overrides were being incorrectly populated by the total nonresident source income overrides
Nebraska
: Updated the print so that the initial Nebraska return check box now prints correctly on the grantor type return.
New Jersey
: Corrected a New Jersey issue causing the exemption to not compute in short year returns.
Oregon
: Added a diagnostic for Oregon electronic filing when a return does not have ACH payment but selects the ACH certification.
Rhode Island
: Added a checkbox to select
Short Method
 to activate Part 2 calculation of Form RI-2210.
South Carolina
: Updated the computation of South Carolina Form SC1041 Page 3 Part IV Column F.
West Virginia
: Corrected the condition to print West Virignia schedule NR only when nonresident is checked.

This article applies to:

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