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2023.095

2023.095 release information

Pending releases

Release date: 9/27/2024

1065 Partnership

Nebraska
: Form 1065XN and schedules are pending development.

Federal

We released an Excel template for
Form 1042
 import and API. You can download the templates here by going to the main landing page for your product and selecting
Data imports and exports
.
We updated the
K-1 Transfer
 program to allow for the transfer of K-1 information from accounts residing under the same firm account. If the locator is under a different firm account, you need to move it to the target’s firm account. You also need to open and close all source returns once after this release to enable the transfer. The returns don’t need to be calculated, they just need to be opened and closed once to facilitate the transfer.

State

Georgia
: We updated IT-QJ to prevent validation errors related to qualification year.
Idaho
: We added optional K-1 ownership percentage ratios and updated LLC partner type logic for LLC Other.
Illinois
: We modified Form IL2220 line 13 date entry options.
North Carolina
:
  • We updated business rule NCD403-3010.
  • We created optional e-file suppression for NCK-1 lines 10 and 11.
  • We created optional print suppression checkboxes for informational partner amounts reported on D403, Page 3, lines 25, 26, and 27.
Tennessee
: We corrected FAE 170 Page 2 Sch F1 line 1.

1120 Corporate

Federal

Form 1118
: We updated Intl FTC, Schedule L print (all parts) so that all relation years are present.
Form 1120 REIT
: We corrected the Suppress Pass-Through Activity Schedule in Print checkbox, so it functions as intended.
Form 4626
: We updated e-file so that the element ApplcblCorpDeterminationGrp, ThrYrAvgAnnlAFSIGrtrBillionInd is correctly reported in the XML.
Form 8992
: We updated Schedule A, Columns G, H, I, J, and L so they populate in the yellow worksheet.

State

District of Columbia
: We corrected print for District of Columbia, Form D-20E, Part IV, EIN.
Georgia
:
  • We updated Georgia e-file so that a validation error referencing CorpPhone does not generate for top consolidations when it is not needed.
  • We updated e-file so that Georgia IT-CA 2023, Page 3, Year 3/4 CountyNm elements report the correct 5-digit county code in the XML.
Iowa
: We added an organizer field for Iowa 128S, Line 15.
Kansas
: We updated e-file so that the Kansas 1120 Combined return, adjustments section does not populate if there are no adjustments.
Maryland
:
  • We corrected the computation for Maryland Schedule K-1, page 1, section D, line 2.
  • We corrected the computation for Maryland Form MD500, line 13.
Massachusetts
: We eliminated duplicate print for Massachusetts Schedule CIR FEIN.
New Jersey
:
  • We updated New Jersey Form 329 combined check box so it populates for combined returns.
  • We updated New Jersey Form CBT-100U, Page 12, Line 19 so it is correct in tax form view.
  • We updated the computation for New Jersey CBT-100U, Page 13, Schedule A-4, lines 1 and 2.
  • We corrected the computation for New Jersey, Schedule O, Part 1, Column A, Line 28 federal S-corps filing as C-corps for New Jersey.
  • We added print for New Jersey CBT-100U, Schedule P-1, member FEIN.
North Carolina
: We updated North Carolina e-file so that Business Detail, including officer address, is included in the XML.
Pennsylvania
: We corrected the return type for financial returns.
South Carolina
:
  • We corrected South Carolina SC1099 MISC Tax year.
  • We updated South Carolina Form SC8453C print so the Address line is not cut off.
Utah
: We updated Utah Form TC-20, Schedule A, Page 1, line 16, so that 2008 NOL carryover to next year is allowed.
Virginia
:
  • We corrected the dates for Virginia Underpayment Penalties & Interest.
  • We updated Virginia Form 500ADJ, Page 1, Section B, line 9a, Code 99 to suppress the amount when it is not needed.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax
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