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Release notes

1040 Individual 23-4.5F

tip

Pending releases

Release date:  4/26/2024
The following forms are not available with this release:
  • Form 8824
  • Election Statements
  • Form 3800
     is available. You can e-file this form for those not having credits from Forms 7207, 7210, 7213, and 8933. Carryover utilization will be available on a future release.
  • We are updating the
    K-1 Transfer
     from 1065/1120S/1041 to 1040 to reflect new K-1 fields.
  • We are still working on adding the e-file for
    Form 8949 IRC
    , Section 1061 adjustments.
  • We're aware when a partnership has more than one
    K-1
     for the taxpayer, the application can't transfer multiple K-1s in 1 transfer. Currently, you have to transfer them one at a time. We’ll address this in a future release.
  • Schedule K-1 Review
     contains a note on the 1st page about a future update to reflect the new Schedule K-1 Other income and Other deduction fields. This doesn't affect returns that don't contain these new Schedule K-1 fields.
  • We're aware that the explanatory statement for
    Form 1116
    , line 3 isn't included in the e-file when there are HTKO adjustments. This will be addressed in a future release.

Iowa

We are updating the Form 126 e-file schema. It will be available in a future release.

Federal

We corrected a
Depreciation
 issue where the business use percent was incorrectly calculating depreciation when using the allocation to others function of Rents and Royalties.
We corrected a
Depreciation
 issue where when an activity is a listed asset electing 80% bonus, a Section 179 amount calculates in error.
We corrected a
Depreciation
 issue where when the asset is listed property electing 80% bonus, the correct depreciation amounts (Form 4562 page 2) May not be flowing correctly to Schedule C and Schedule E.
We resolved the
Schedule F
, line 8 detail print issues.
We updated the K-1 Reconciliation report in
Tax Review
 to reflect the new Schedule K-1 Other Income and Other Deduction fields.
We fixed an issue causing
Form 3468
 to print twice.
We fixed an issue where
Form 3468
, Part VII Beginning date was not populating causing reject F3468-013-01.
We corrected a validation error for
Form 3800
, Part IV and VI that occurs when there's a nonpassive indicator on the carryover.
We fixed an issue for
Form 3800
 where Part III, line 4a wasn't populating from a passive activity.
We updated the
Form 4684
 total screen to include lines 13 through 17 only once when more than one 4684 is e-filed.
We deactivated
Form 4684
 Severe diagnostic for draft form version.
We corrected a
Form 5695
 issue where the line 14 liability worksheet wasn't including Form 8936 amounts.
We updated the display of
Form 8582
, Part IX to include the Commercial Revitalization Deduction prior year carryover line. This is a display issue only, calculations and print aren't affected.
We increased the length of
Form 8865
 Schedule K-1 line 13 codes to allow for 2 characters.
We resolved a
Form 8936
 Schedule A issue where Form 8936 Sch A was not being included in e-file.
We fixed a Form 8936 issue where PrsnlUseNewCleanVehicleCrAmt wasn't populating in the e-file, which then rejects F8936-035.

Colorado

We corrected the DR 104, Page 4, line 42 hyperlink.

California

We added new Federal K-1 development, including Basis and At-risk.
We updated Form 3541, line 24 (TotalCreditClaimed) and Form IRS4684 element "FederallyDeclaredDisasterDesc" to generate correctly to the e-file.

California LLC

We updated Binary attachment elements "FormLineOrInstructionReference" and "RegulationsReference" to generate correctly to the e-file.

Iowa

We updated the IA148 e-file to include IA 8801 and IA 134 codes, and added diagnostics for IA 148 when there's IA 134 and IA 8801.

Illinois

We updated the Form 505-I extension voucher calendar year text to be 12/23.

Massachusetts

We updated the Partner Basis Worksheet, Oil and gas depletion to properly transfer.
We updated Schedule E-2 Income calculation, At-Risk Carryover to properly transfer.

Maryland

We addressed an issue where e-files were being rejected under rule FinTran-98300-020, caused by the swapping of the direct debit authorization checkbox with the foreign bank checkbox on Page 3 of Form 505.
We addressed an issue where e-files were rejected under rule Form 502CR-50000-030, which occurred when there's no amount on line 3 of Part A on Form 502CR.

Michigan

We addressed an issue where a reject diagnostic displayed incorrectly, stating that direct deposits were unauthorized for Detroit returns, despite not selecting the option to suppress the direct deposit checkbox.

North Carolina

We resolved a print issue for NOL lines 1, 9, and 24.
We resolved a Schedule PN, Page 2, line 19f print issue.

New Jersey

We resolved NJ-630 Extension Voucher Date in both XML and print.

New York

We resolved an issue where IT-201, line 72 was adding 1099-NEC withholding twice.

Ohio

We updated the e-file to pull the correct validation file when there's a rolled over school district.

Oklahoma

We corrected the print for Form 511CR, line 14.

Oregon

We fixed the reject code OR-037 where the State Only return and Signature Checkbox is missing.

Virginia

We added 760 County Codes to the dropdown list for Tazewell, Wythe, and York.

Vermont

We corrected an e-file issue for Sch119VtCredits.

Washington

We added diagnostics for Capital Gains payments to require the account holder name.
We resolved an issue where Schedule K-1 Capital Gains items display multiple times.
We resolved an issue that was causing a validation error for Charitable Donations.
We updated the print for the Capital Gains Return on Pages 3, 4, and 5.

This article applies to:

  • PRODUCT: GoSystem Tax RS

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