1040 Individual 25-5.3F
The following information is a summary of the new forms, features, and resolved issues on this release.
Open
- Form 4562: New depreciation calculations for 50 year MACRS and ADS are not yet completed
- Form 4562: Support for Section 174 changes as part of the 2025 OBBBA legislation are still under development
- Form 8821: Print for this form is still under development
- Form 8824: The new elements added for e-file are under development
- Form 1040-SS: Letters and Filing Instructions and E-file of this form are still under development
- Form 8027: Print for Line 6a is going to be fixed in next release
- CA - Form 3541 is still under development
- MI Cities - We are currently developing Form CF-2210
- OH School District - We are currently developing the ITSD 2210 for Ohio School Districts
- TN - Binary Attachments are currently under development
Federal
We updated or addressed the following:
- Form 1040 - We have updated the interest rate for the second quarter of 2026 to 6%
- Form 5405 Disable Diagnostics
- Form 6251 - Line 1a is incorrectly subtracting out the spouse's senior deduction from the calculation
- Form 8960 - Updated Ln 9B Calculation from the Worksheet
- Form 8960: Line 4B incorrectly calculating to NONE if Farm Income is negative
- Form NOL CARRYOVER workpaper carryover calculation - We resolved an issue when multiple year NOLs are involved are not being limited by the current years 80% limitation resulting in the triggered year to be fully utilized
State
We updated or addressed the following:
- CA - Add e-file reject diagnostic for missing Payer EIN on 1099-R
- CA - Form 6198 should not deduct Excess Business Interest Expense (EBIE)
- CA - Nonrefundable Renter's Credit Qualification Record - AGI limitation amounts need to be updated
- CA - Sch D-1 (AMT), Line 2, Col g - Sec 1231 Loss from Pass-through K-1 being doubled
- DC - We resolved an issue to let Form 2441 Line 5 populate $0 instead of None when there is no credit need to be taken
- LA- Update on credit code name for IT-540 Sch I credit 50F
- MI - Update the interest rate for tax due on late filied returns for the period, 07/01/2026 - 12/31/2026, based on the rate posted by the state
- MIC - Detroit - We resolved an issue where Form 5338 line 5 was incorrectly reduced by tax tat had already been paid
- NE - Form 4797N Part IV has been updated in organizer, tax form view, print and e-file
- OR - The trigger for form OR-VSI Duplicate race is updated
- SC - We fixed an issue where the estimated paper filing instruction is not printing when e-file was not selected
- VA - Form ADJ Late filing penalty calculation has been updated on yellow paper
