1120 Corporate 23-6.3F

Pending releases

Release date: 8/16/2024

Federal

We're updating the
K-1 Transfer
program to allow for the transfer of K-1 information from only accounts residing under the same firm account. To make this update possible, transfers of K-1 information from locators residing in different accounts, regardless of the firm account, will be temporarily blocked beginning with this release. Transfers of K-1 information residing in locators in the same accounts will continue to be enabled during this process. Transfers will be enabled for different accounts residing under the same firm account on Friday, August 23 (targeted).

State

We corrected the computation for
Colorado
Form DR 106K, Page 1, line 11, columns A & B.
We updated the
Delaware
NOL statement carryover limit to 80% of income.
We corrected the
Indiana
IT-20, Page 1, Principal Business Activity Code so that it transfers from the correct common state organizer field.
We updated the computation for
Iowa
8453-S, line 5 so it automatically populates.
We updated
Montana
PTE, Page 5, Schedule IV, Part III, Column A details so they don’t duplicate.
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