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2023.028

2023.028 release information

Pending releases

Release date: 2/27/2024

1065 Partnership

Form 7205
, Energy Efficient Commercial Buildings Deduction is pending release.
We released an excel template for
Form 1042
 and
1042-S
.  The excel template uses the Tax Return Import method and an API call to complete the import. You can download the templates for 1120 and 1065 on the File downloads page on 3/1/2024.
1040 and 1041 filers can use either the 1120 or 1065 tax application to e-file the forms as long as you have an EIN number. The IRS does not support SSNs in those schemas for the withholding agent(s).

Arkansas

The following items are still pending for
AR1100
: Page 3, lines 5, 15, and 18; Page 4, Section C, line 3.

New Mexico

We are currently still developing organizer inputs and computations for
Form PTE
 line 17.

Nebraska

The following forms are pending development:
Form 1065XN
 and
Form 1065N-ES
.

Oregon

The following forms are pending for future release:
OR-QUP-CAT

Federal

In Organizer, for Foreign Information, Ptr Distributive Share-International, on the
K-2,K-3 Activation and General Info
, we removed the override fields for applicable Parts of Federal Schedule K-2 for tax year 2023 for 1065 tax returns.
The same is true for the respective federal
Schedule K-3 override
 fields on the Partner Information Organizer screens. These fields were in the tax year 2022 tax application because at the start of the 2022 tax year there was still some uncertainty on whether the IRS would allow Schedules K-2 and K-3 to be PDF e-filed. The IRS decided to
not
 allow PDF e-filing for tax year 2022 and only allowed xml e-filing. Thus, for tax year 2022 we added CAUTION within the tax application to not use these fields for XML e-filed returns. For tax year 2023, we removed these Organizer fields from the 1065 tax application because these fields on the Tax Forms are automatically determined and cannot be overridden. For tax year 2023, you can
e-file an XML Schedules K-2 and K-3
. You
cannot e-file a PDF for Schedules K-2 and K-3
.

Idaho

We updated the flow of data for
Schedule K-1 line 57
.

Virginia

We corrected various print issues on
Form 502
, Page 1;
Form 502A
, Sections B and C; and
Form 502
 PTET, Pages 1 and 2.

1120 Corporate

Release date: 2/27/2024
We released an excel template for
Form 1042
 and
1042-S
.  The excel template uses the Tax Return Import method and an API call to complete the import. You can download the templates for 1120 and 1065 on the File downloads page on 3/1/2024.
1040 and 1041 filers can use either the 1120 or 1065 tax application to e-file the forms as long as you have an EIN number. The IRS does not support SSNs in those schemas for the withholding agent(s).

Arizona

We added Form 120, Page 3, Schedule F and Signature Authorization forms back to the application.

Arkansas

We updated Schedule K and K-1 equivalents for the new Federal Schedule K lines.

Idaho

We updated the Schedule K-1 PTE Type S Corp checkbox so it is switchable.

Indiana

We corrected the computation for Form IT-20S, Page 2, line 16.

Kansas

We added Form K-130, lines 15 to 17 to the Tax Forms view.

Missouri

We corrected the tax rate for Form MO-PTE, Page 2, line 10.
We implemented a PTE checkbox on Form MO-PTE, Page 3 labeled “Select here if the pass-through entity is re-designating…”.

Nebraska

We updated Form 1120SN filing instructions to include refunds.
We corrected the rates used on Form 1120NF, lines 8 and 10.

New York City

We updated Form NYC- 2.4, Page 3, Schedule D, Columns C and F to display as positive amounts instead of negative amounts.

Ohio Cities

We corrected the Columbus Form BR-25 print alignment.

South Carolina

We updated the e-file XML to include Form TC-38.

Tennessee

We corrected Form FAE 170, Page 6, Schedule N so that it prints for 5X Sales Factor.

Utah

We updated e-file reject #68 referencing Header Tax Period End Date so it generates only when needed.

Virginia

We corrected e-file diagnostic 502PTET-180, related to Form 502PTET, Section II, line 7, so it generates only when needed.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax
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