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Release notes

1041 Fiduciary 24-6.2F

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: 08/08/2025
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.
Nonresident
New York
 return now computes ESBT tax and can now be e-filed with the new PDF attachment selection for "it205NYtaxcomputationforsportionofesbt".

Federal

We updated or corrected the following:
Updated
Schedule K-1
 to print the correct amount on line 14zz.
Updated the
QBI Statement A
 to print the correct PTP activities.
Updated the computation of investment interest expense carryover for
PTP K-1s
.

State

We updated or corrected the following:
Arkansas:
 Updated tax filing deadline to 12/3/2025 per state instructions.
Connecticut:
 Updated the print for Form CT-1041 Page 3 Schedule B so that states aren't missing.
Montana:
  • Updated the logic on Form 990T Form CIT Page 3, line 5.
  • Updated the mapping on Form 990T Page 3 line 12 EORG.
  • Updated the logic for Form CIT Page 3, line 10 minimum tax calculation.
Oregon:
 Updated the print for the Oregon Electronic Filing Signature Authorization Worksheet to include the ending tax year and state.
Nebraska:
  • Updated master schema check in.
  • Updated e-file rejection.
Wisconsin:
Updated Wisconsin State Estimates code to 594.

This article applies to:

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

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