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1041 Fiduciary 25-4.1F
The following information is a summary of the new forms, features, and resolved issues on this release.
Pending releases
Release date: 04/03/2026
Form 1041
: We updated the underpayment interest rate for the second quarter for 4/1/2026-6/30/2026 to 6%.Maine
: We added the 1041ME, Schedule 1, Other Additions/Subtraction OBBBA fields to view on the yellow paper detail.Federal
We updated or addressed the following issues:
- Form 990-T: Updated print on Page 2, Part V.
- Form 990-T P&I Page: Updated the form to include amended returns.
- Form 1041:
- Tax Default: Updated the logic for HRB Pricing to Utah's Form TC-41.
- Updated theGrantor tax informationto print the correct tax-exempt income.
- Updated to show theBeneficiary Partial Grantoroption.
- Form 1042:
- Updated the bank account information so thatCheckingnow transfers correctly from the Organizer screen to the tax form.
- Updated the print for Page 2, Section 2, lines 2a, 2c, 2d, 3, and 4 so they now print correctly.
- Form 2439: Resolved validation errors on element namesStateAbbreviationCdandZIPCd.
State
We updated or addressed the following issues:
- California: Updated Schedule D-1, Page 2, line 29b so the California amount populates when entered in Organizer.
- Kentucky: Added description input fields for Form 741, K-1, lines 9 and 10.
- Minnesota: Aligned Form M2, Page 3 print for the 5227 return.
This article applies to:
- Product: ONESOURCE Income Tax Express RS
- Return type: 1041 Fiduciary