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Release notes

1120 Corporate 23-7.4F

Pending releases

Release date: 10/25/2024

Federal

Form 114:
 We removed the dashes from the
Phone
 field in e-file for Form 114.
Form 1120-REIT:
 We corrected print for the 1120 REIT Suppress Pass-Through Activity Schedule checkbox.

State

District of Columbia
: We updated e-file so that the XML correctly reports the District of Columbia, Form D20, Worldwide Combined Reporting Election Form, taxable year as 2023.
Georgia
: We updated Georgia IT-CA 2023, Page 4, Part IV/V print.
Indiana
:
  • We updated e-file so that Indiana Schedule 8-D, tax form view matches XML.
  • We updated the computation for Indiana IT-20REC, line 24.
  • We updated Indiana IT-20, Page 1, line 20 so that the amount flows from Schedule NOL forms.
Iowa
:
  • We moved the Iowa Page 5, Schedule E, line 10 see statement indicator to line 10 from line 6.
  • We corrected Iowa 128 industry in which researching business is engaged so that the choices populate correctly.
Maine
: We corrected Maine Form 1040C-ME filing instructions print.
Massachusetts
: We updated the computation for Massachusetts Schedule FE, Page 2, line 22.
Michigan
: We corrected the Qualified Mismatch Report tax due amount.
Minnesota
: We corrected the computation for Minnesota M4T, Page 1, line 11.
Montana
: We corrected the Montana NOL statement print overlap for tax year 2016.
New Jersey
:
  • We corrected the computation for New Jersey CBT-100U, Page 8, Schedule A, line 25.
  • We corrected the print for New Jersey CBT-100U, Page 9, line 15, Column C.
  • We corrected the computation for New Jersey CBT-100U, Page 10, Schedule A, line 6.
  • We corrected the computation for New Jersey Form CBT-100U, Page 24, Schedule 500U, Section A, line 5.
  • We corrected the computation for New Jersey 500U, Page 24, Section B, line 9.
  • We added the New Jersey Authentication Header to e-file.
North Carolina
: We updated the computation for the North Carolina - State Tax Summary overpayment field.
Ohio CCA
: We corrected the Ohio CCA, Page 1 header form composition by adding the missing box lines and header information in the upper left.
Oregon
: We updated the OR-QUP-CAT Quarterly Underpayment penalty amounts in e-file XML.
Pennsylvania
: We updated Pennsylvania REV-1834, Schedule C-8, line 4a so that it always reports the correct amount for assets placed in service after 2022 which took less than 100% federal special depreciation.
Portland City
: We corrected the computation for Portland City C-2023, Page 2, line 32 so it uses 1% of taxable income instead of 0.1% of taxable income.
State Depreciation
: We updated states not adopting Form 4562, lines 43 and 44 so that the amounts found on that Form 4562 print.
Tennessee
: We corrected the computation for Tennessee FAE 174, Page 7, Schedule N, line 12, Column C.
Vermont
: We corrected the Vermont CO-411, Page 2, line 12 statement print alignment.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax Express RS
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