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Release notes

1120 Corporate 24-3.2F

Pending releases

Release date: 02/14/2025

Federal

We corrected
Form 1120S Schedule K-1 Codes
, Pages 20 and 21.

State

We updated or addressed the following:
Arkansas
:
  • We corrected Arkansas SchK-1, Part III, line 5b.
  • We updated the computation for Arkansas Form AR1100S, Page 2, so the Income to Apportion lines 2 and 3 are showing the correct amount.
  • We fixed Arkansas AR2220 and AR220A, so the amount is reflected correctly on AR1100CT.
  • We corrected Arkansas Form AR-718, so when special allocation Scorp return type is selected, there is no validation error.
  • We corrected the computation for Arkansas AR1100CT, Line 20, so depreciation is holding value and computing.
  • We corrected Arkansas Form AR1100PET, so when Federal extension is filed override exists, extension filed checked is marked correctly.
  • We updated Arkansas AR1100PET, AR1100ADJ, Line 5, so that capital gains are not included.
Kentucky
: We updated print for Kentucky Bowling Green License Fee Return, Page 2, so the tax form is aligned.
Missouri
: We corrected print for Missouri Form MO-PTE, Page 4.
Nebraska
:
  • We updated the computation for Nebraska Rule F3800N-0011, so that Form 3800N, Line 1 equals Form1120N, Line 11.
  • We updated the computation for Nebraska Rule F3800N-0011, so that Form 3800N, Line 1 equals Form1120N, Line 11.
New Jersey
:
  • We added a minimum tax option field for New Jersey Form CBT-100S, Page 1, Line 2b.
  • We updated the print for New Jersey Worksheet 500-P.
  • We corrected the print alignment for New Jersey Various Tax Forms.
  • We added a field for New Jersey PTE-100 Filing Instructions Payment Date.
  • We updated the print for New Jersey GITG-DEP, Page 2.
Pennsylvania
:
  • We updated Pennsylvania so it suppresses RCT-128C.
    We updated a NAICS code print for Pennsylvania RCT-101I, page 1.
South Carolina
: We corrected the computation for South Carolina Reject diagnostic rule “P002, returns contain an ACH debit payment, and the withdrawal date is more than 12 months in the future” is correctly displayed.

This article applies to:

  • PRODUCT: GoSystem Tax RS
  • Return type: 1120 Corporation
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