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Release notes

1041 Fiduciary 24-7.8F

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,
    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: 12/12/2025

Federal

We updated or corrected the following:
Form 1041
: Modified the penalty calculation to be reduced to 5% when 1041 Federal form 990T has both Failure to File and Failure to Pay Penalty Calculation.
Schedule C, E, F, and Form 4385
: Updated Schedule E line 24 to show the total income.

State

We updated or corrected the following:
California
: Updated the calculations for Form 109 Side 2, line 29, to include unrelated business taxable income.
Montana
: Added Form CIT, line 18 underpayment interest diagnostic.

This article applies to:

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

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