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Release notes

1041 Fiduciary 24-5.8F

tip
  • Get the latest on open issues by reviewing Alerts and notices.
  • Find the availability of the state releases in the Home screen, in Forms Availability.
  • New York
    : There is an informational diagnostic to alert preparers to a possible rollover issue with prior year estimates paid in the current year. Verify that the amount rolled over from prior year estimates paid in the current year doesn’t include a 2022 overpayment from the 2023 return. Use this query for 2023 1041 to identify potentially affected returns.
    For the 2024 return, go to Organizer, select
    States
    New York Payments
    . In the Estimated Tax section, enter the correct amount for the
    Prior Year Estimates Paid
     in the current year.

Pending releases

Release date: 07/18/2025
E-file for
Form 5471
, Information Return of US Persons with Respect to Certain Foreign Corporations is not available in this release.
Form 8865
, Return of U.S. Persons With Respect to Certain Foreign Partnerships and all Schedules and Forms included under the 8865, is available for e-file with the following exceptions. Also, the sections in the 8865 are not available in the tax application yet.
  • Form 3468, Part V: Only applicable to returns ending in 2025
  • Schedule K/K-1 line 15 Codes S, W, and X and Line 20 Code AV (applicable to tax years ending in 2025)
Federal forms not available on this release:
  • Form 7211, Clean Electricity Production Credit
  • Form 7218, Clean Fuel Production Credi
  • Form 8933, Carbon Oxide Sequestration Credit
Form 592-V
: The filing instructions for Form 592-V isn't available for this release.

Federal

We updated or corrected the following:
Form 1116
: Updated Form 1116, line 20 for 990T returns.

State

We updated or corrected the following:
Kansas
: Updated of form K-41 page 3 to flow correct information from the federal return.
Montana
: Corrected Montana FID-3, Schedule II tax on Montana Source Income, line 9 column a to include adjustments from Worksheet II - Schedule II Income Allocation and Nonresident Tax Schedule.
North Dakota
: Updated the Schedule BI on Page 3 Beneficiary information for Grantors accounts.

This article applies to:

  • PRODUCT: GoSystem Tax RS
  • Return type: 1041 Fiduciary

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