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Release notes

1041 Fiduciary 24-6.1F

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, select
    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: 08/01/2025
Added forms:
  • Form 1042, Form 1042-S, and Schedule Q to the 1041 tax application.
  • Letters and Filing Instructions were added for Form 1042.
Federal forms not available on this release:
  • Form 7211, Clean Electricity Production Credit
  • Form 7218, Clean Fuel Production Credit
  • Form 8933, Carbon Oxide Sequestration Credit
  • Form 5471, Information Return of U.S Persons With Respect to Certain Foreign Corporations e-file.
Electronic filing
 for Form 1042, 1042-S and Schedule Q is not available for 2024.
The
filing instructions for Form 592-V
 aren't available for this release.

State

We updated or corrected the following:
Ohio
: Permanently disabled Ohio Cities BRMS rule F27- SCHX- 501 because it's almost always invalid.
Montana
:
  • Corrected the print on Form CIT FEIN.
  • Corrected Form CIT Page 3, line 10 minimum tax calculation.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax Express RS
  • Return type: 1041 Fiduciary

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