1041 Fiduciary 24-4.3T

Pending releases

Release date: 4/08/2025
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).
Maine
: We added a diagnostic for reject ME1041-020 that the Total of all Schedule 2 records cannot exceed 100%.

Federal

We updated or corrected the following:
corrected an issue where investment interest expense was being doubled on the grantor letter.
updated QBI statement A not to print when there are PTP losses
added efile and a workpaper for the explanation required if the checkbox is checked for question 2 on Form 5227 page 6.

State

We updated or corrected the following:
Hawaii
: Corrected the computation for the allowable amount of the deduction of PTE credit on Form HI-N362.
Maryland
: Updated the 1041 Federal Transmittal Letter to include the Maryland Form EL101B.
New Jersey
: Corrected the New Jersey 1041 so income from 1099R will now flow to the return.
South Carolina
: Updated the computation of South Carolina Form SC1041 Page 1 line 8 to include the ESBT adjustment.
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