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Release notes

1120 Corporate 24-7.1F

note
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Pending releases

Release date: 10/03/2025

Federal

We updated or addressed the following:
Form 1118
: Corrected Form 1118, Schedule K FB logic so that the 10th-year carryovers expire on line 5 and are excluded from available carryovers. Then you'll need to regenerate the form.

State

We updated or addressed the following:
Georgia
:
  • Updated Form GA 4562 to force print tax years 2023 and 2024 in 1120 returns.
  • Corrected the consolidated return print layout for Form 600, Page 1, line 10 to eliminate field overlap.
New Jersey
:
  • Updated the XML supporting statements for Form CBT-100S, Page 2, line 5 statement and Page 17, SJC Part II, Sec.
  • Updated Form CBT-100, Page 9, Schedule PC, line 1 so
    No
    is set in the return’s XML.
  • Corrected Form CBT-100U by correcting the XML mapping/validation, which resolves XESR1120 ‘Qualified Mismatch’.
  • Updated the computation for New Jersey Credit Form 306, line 31 to calculate and populate the field.
  • Updated Form CBT-100S, Page 1, line 5a to generate XML, ensuring correct mapping and schema compliance.

This article applies to:

  • PRODUCT: GoSystem Tax RS
  • Return type: 1120 Corporation

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