1120 Corporate 23-5.7F

Pending releases

Release date: 7/12/2024

Federal

We corrected the print for the Yes and No options for
1120-C, line 18
.
We corrected the functionality of the
1042S
and
1042Q
print suppression checkboxes.
We corrected the
Form 3800, Part IV, columns (f) and (g)
carryforward amounts so that they transfer correctly for Part VI print.
We updated the print for the
AMT Amortization Schedule
so that AMT life for section 174 assets prints instead of regular tax life.

State

We updated the computation for Schedule BC, Page 6, Total Current Credits amount to include Innovate
Alabama
Tax Credit amount.
We updated
Maryland
  • efile XML to include the Form 500D, Voucher 2, First Time Filer checkbox.
  • computation for Form 510-PTE, Page 1, line 3b.
  • the print for Form 511, Page 3, line 5.
  • added two checkboxes for Form 511 – PTE Return, lines 5a and 5b to indicate 100% total percentage of ownership.
We updated
Missouri
for:
  • the computation for Form MO-1120, Page 3, Part 2, line 1b so no amount is computed when this field does not apply.
  • We updated the print detail for Form MO-851 so that it now prints on a detail statement rather than the form.
We updated
Nebraska
Form 1120SN, Page 1, line 27 so that it computes applied overpayment.
We updated
New Jersey
so that credits print at the topcon level.
We updated
Ohio CCA Cities
, 120-17BR, Page 2, Part B print so that the
Union
amount prints on the correct line.
We updated
Pennsylvania
Form RCT-101I, Page 3, phone number so that it populates.
We corrected e-file for
Rhode Island
Schedule K-1, Part IV and Part VI.
We updated the
Texas
e-file so that a No Tax Due scenario excludes Form 05-166 Texas Franchise Tax Affiliate Schedule.
We updated
Virginia
Form VA 8453-C print for the beginning fiscal year date.
We updated the
West Virginia
computation for Schedule K-1, Page 1, Withholding line 2.
We updated the
Wisconsin
Schedule 5K-1, Page 2, line 10, column D so that it displays
Inclusion of Subpart F income
.
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