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Release notes

1120 Corporate 23-7.2T

note
  • Get the latest on open issues by reviewing Alerts and notices.
  • Go to the main page for your product, select
    Data imports and exports
     for
    DK-1
     workbooks and other files such as
    Form 1042
     templates and
    Client Code Import
     files.
  • Availability of state releases can be found in the Home screen, Forms Availability.
  • Go to Tax Year 2022 Release Notes for 2022 release information to see 2022. On the side menu, select Tax Year 2022 Release Notes.

Pending releases

Release date: 10/08/2024

Federal

Form 1118
  • We updated e-file for Form 1118, International FTC, Schedule L, Part I so that validation errors are not received on blank fields.
  • We updated the computation for Form 1118, Schedule A, Foreign Branch row identifier.
  • We updated e-file for Form 1118, Schedule L, Part II, Column (c), BusinessOwnerName so that a validation error is not received if the field is blank.
Form 1120
: We updated Form 1120 Page 3, Schedule J, Part I, line 9z consolidated print detail.
Form 1139
: We updated Form 1139 Street Address and Paid Preparer display in Tax Forms view.
Form 8993
: We corrected the computation for Form 8993, Part III, lines 25-27 so they don’t populate when line 24 is zero.

State

Arkansas
: We updated e-file so that AR1100S Amended return reject SCIT-0095, missing Schedule A is not received from the state.
Colorado
: We updated the computation for Colorado Form 112, Page 2, Line 15c.
Connecticut
: We updated the computation for Connecticut Form CT-1120, RDC, Page 2, Line 18.
Georgia
:
  • We updated Georgia Form 600, Page 4, Schedule 9 Current Year Utilization for prior years.
  • We corrected Georgia IT-CA, Page 4, Part IV/V print.
Indiana
:
  • We updated Indiana Financial FIT-20 Schedule NOL print.
  • We updated e-file so Indiana Rule FIT-20-013 does not generate when it is not needed.
Iowa
:
  • We updated the Iowa Schedule H3 Adjustment auto-calculation for Single returns.
  • We corrected the print for Iowa Like-Kind Exchange worksheet, line 3, year 2000.
  • We corrected Iowa Form 4562B, Part I, entry #25 so that a positive balance prints the correct number.
Kentucky
: We updated Kentucky Form 4562, lines 43 and 44 so they print the correct amortization deduction amounts.
Lexington, Kentucky
: We corrected Lexington Form 228S, page 2, line 15 statement detail print.
Maine
: We added the ability to suppress Maine Form 1120ME, Page 5, Line 11 detail.
Maryland
: We corrected Maryland Form 510, Schedule B, Resident.
Mississippi
:
  • We corrected Mississippi 4562 for members printing on a consolidated entity so that line 26 assets entered in member Mississippi 4562 Overrides inputs don’t overstrike in print.
  • We updated Mississippi Summary Form 4562 so that amounts print on lines 19a-20d.
New Jersey
:
  • We updated the computation for New Jersey CBT-100S, Page 5 A-4 Line 5.
  • We added print for New Jersey Form CBT-100S, Page 14, Name and FEIN.
Oklahoma
: We updated Oklahoma Schedule K-1 Equivalent, so it does not print an extra empty copy.
Ohio
: We updated Ohio IT 4738 e-file so that returns are not rejected by the state if Interest on Balance Due is marked to be computed.
South Carolina
: We updated South Carolina Form SC 1120, Schedule E, line 1 so that it populates for subsidiaries.
State Depreciation
: We updated State Adopts Expanded 179 Form 4562, lines 28 and 29 so they print correctly if Federal 4562 has no amounts on those lines.
Utah
:
  • We updated the computation for Utah Schedule J, Page 1, line 5a and line 5g.
  • We updated Utah TC-20 Schedule D line 4 statement print.
  • We updated e-file so that state reject codes 20_23_050 and 20-23-30 are not received when they aren’t applicable.
Virginia
: We corrected Virginia Form 500ADJ, Page 2, line 9b print.

This article applies to:

  • Product: GoSystem Tax RS

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