1041 Fiduciary 23-6.8F

Pending releases

Release date: 9/20/2024
We added an alert diagnostic asking
990-T
filers to review the new field for bank account information to avoid possible trapped data.
We updated
1041 Electronic Filing
by adding the tax default option for Federal 990T Return bank information.

Federal

Schedules A, Form 990-T
: We updated the statement print to include the detailed data for Part I, Line 5.
Common State / Extensions screen
: We corrected the Michigan amount for Due with Extension.
Schedule H, Page 2
: We updated the print for line 23 checkbox to print when the checkbox is checked.
Addition of states screen
: We fixed the issue of a popup message when choosing IA as Blank.
Form 3800, Page 4
: Line 4a now correctly flows to Form 3800 when the amounts are entered on Form 3468, Part VI.
Form 461 (AMT version)
: We corrected the threshold amount used on Limitation on Business Losses.

State

Iowa
: We updated to generate IA PTE-C for a foreign beneficiary.
Michigan
: We disabled BRMS diagnostic 160. The diagnostic is incorrect because it is referencing and comparing an incorrect line of the return.
New York
: We updated the suppress option of NY Form IT-182 to work correctly.
North Carolina
:
  • We corrected an issue with the allocation of additions and subtractions when capital gains are treated as income regardless if they are distributed or not.
  • We corrected an issue with NC K-1 line 8 not showing an override for the portion of deductions from federal taxable income attributable to North Carolina.
Idaho
: We corrected an issue that causes bonus depreciation subtractions to be stated incorrectly on Schedule A.
California
: We corrected depreciation for California depreciable assets placed in service in the years 2010 - 2014.
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