1041 Fiduciary 25-4.8F
The following information is a summary of the new forms, features, and resolved issues on this release.
Federal
We updated or addressed the following issues:
- We added a new option to have the SALT deduction limitation worksheet print prior to beginning of return vs being included with the return.
- We have updated the Form 1045 print so that it will no longer print if there is no amount on Form 1045.
- 1041 Federal form 990-T Page 2 part III interest rate
State
We updated or addressed the following issues:
- 1041 California 541-B: We have added overrides for the Deductions Allocable to Income Categories on CA Form 541-B, Page 2, Section E
- 1041 Colorado: We updated the calculation of 'Overpayment to be credited' field to remove dependency on Federal estimates
- 1041 Hawaii: We have added Schedule NT Allocation of Withholding Payment to Nonresidents and Schedule N4T Statement of Withholding for Nonresidents
- 1041 Illinois: We've updated Illinois depreciation to work with Common State | Depreciation Gains | States not adopting Federal Bonus Depreciation Rules overrides
- 1041 Kansas: Add LAFI for IBT Information Report Business Trust
- 1041 Kansas: We have added an IBT Information Report Business Trust
- 1041 Massachusetts: We added Massachusetts support for the bonus depreciation toggle in Common States | Depreciation Gains
- 1041 Montana: Fid 3, page 4, Schedule I line 1 additions will no longer include the adjustment for federal QBI
- 1041 Wisconsin: We have updated the Wisconsin county selection
