1041 Fiduciary 24-7.8F
tip
- Get the latest on open issues by reviewing Alerts and notices.
- Review the status of federal forms.
- 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, . In the Estimated Tax section, enter the correct amount for thePrior Year Estimates Paidin the current year.
Pending releases
Release date: 12/12/2025
Federal
We updated or corrected the following:
Form 1041
: Modified the penalty calculation to be reduced to 5% when 1041 Federal form 990T has both Failure to File and Failure to Pay Penalty Calculation.Schedule C, E, F, and Form 4385
: Updated Schedule E line 24 to show the total income.State
We updated or corrected the following:
California
: Updated the calculations for Form 109 Side 2, line 29, to include unrelated business taxable income.Montana
: Added Form CIT, line 18 underpayment interest diagnostic.
