2023.015 release information

Pending releases

Release date: 1/05/2024

1065 Partnership

  • Form 7205
    , Energy Efficient Commercial Buildings Deduction
  • Form 8308
    , Report of a Sale or Exchange of Certain Partnership Interests

Indiana

We made changes to the PTE for tax year 2023.

Minnesota

We updated print functionality for partner forms for KPCNC and KPINC.

1120 Corporate

Federal

  • We added a calculation for
    Form 1120, page 3, line 23
    .
  • We added an input field and correct the calculation for
    Form 1120, page 3, line 14
    .
  • Amortization overrides
    input isn't visible in the federal 4562 overrides screen.
  • Depreciation deduction reported on Form 1125-A
    , line 5 excludes 80% special depreciation assets placed in service in calendar year 2023.
  • We fixed federal depreciation so the number of
    assets rolled over from 2022 to 2023
    isn't limited when assets exist other than in the general depreciation activity.
  • We fixed state information for paid preparer firm address so that it carries through from
    Tax Defaults
    .
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