1120 Corporate 23-6.3F
tip
- Get the latest on open issues by reviewing Alerts and notices.
- Review the status of federal forms.
- Go to the main page for your product, selectData imports and exportsforDK-1workbooks and other files such asForm 1042templates andClient Code Importfiles.
- Availability of state releases can be found in the Home screen, Forms Availability.
- Go to Tax Year 2022 Release Notes for 2022 release information to see 2022. On the side menu, select Tax Year 2022 Release Notes.
Pending releases
Release date: 8/16/2024
Federal
We're updating the
K-1 Transfer
program to allow for the transfer of K-1 information from only accounts residing under the same firm account. To make this update possible, transfers of K-1 information from locators residing in different accounts, regardless of the firm account, will be temporarily blocked beginning with this release. Transfers of K-1 information residing in locators in the same accounts will continue to be enabled during this process. Transfers will be enabled for different accounts residing under the same firm account on Friday, August 23 (targeted).State
We corrected the computation for
Colorado
Form DR 106K, Page 1, line 11, columns A & B.We updated the
Delaware
NOL statement carryover limit to 80% of income.We corrected the
Indiana
IT-20, Page 1, Principal Business Activity Code so that it transfers from the correct common state organizer field.We updated the computation for
Iowa
8453-S, line 5 so it automatically populates.We updated
Montana
PTE, Page 5, Schedule IV, Part III, Column A details so they don’t duplicate.
