2024.065 release information
tip
- Get the latest on open issues by reviewing Alerts and notices.
- Review the status of 1065 federal forms.
- Review the status of 1120 federal forms.
- Go to file downloads forDK-1workbooks and other files such asForm 1042templates and1065 Partner Special Allocation ImportandClient Code Importfiles released on this release.
- Go to the Home screen,Forms Availabilityto see the availability of state releases.
Pending releases
Release date: 06/24/2025
Income tax
Tax Regulatory Insights
Tax Regulatory Insights has been expanded to include support content for state jurisdictions as follows: Arkansa, District of Columbia, Delaware, Iowa, Indiana, Kansas, Kentucky, Maine, Mississippi, New Mexico, Oklahoma, Rhode Island, Utah, Vermont, Wisconsin.
Data import (Excel addin)
- If you are using SSO for Excel Addin you will need to upgrade to the latest Addin no later than July 31st.
- To configure your customized Single Sign-on URL for Excel Add-in that was provided by the SSO team:
- Double-click theSingle Sign-onfield and enter your customized URL, which includes the Excel Add-in authentication (the part in the gray block): https://customizedclientssourl.com&TargetResource=https://www.onesourcetax.com/home-login/UniversalLogin.aspx?OSTarget=opentoken
- The image shows theSettingsdialogue and where to enter the customized URL:
Map updates
This new version includes updates for the following maps.
note
SSO users, if you download the new version, you must complete the previous steps.
- 1120 6765– Map Removed.
- 1120 Pass-thru– review the Excel Add-in Specification Worksheet for fields added / removed.
- Removed
- AlternativeMotorVehicleCredit
- Added Fields:
- UnusedInvestmentCreditFromCleanElectricityCredit
- CleanElectricityProductionCredit
- CleanFuelProductionCredit
- Corrected import:
- BuildAmericaBondCredit
- BusinessInterestExpense
- BusinessInterestExpenseDisallowed
- BusinessInterestIncome
- 1120 4562 Farm- review the Excel Add-in Specification Worksheet for fields added
- YNEmployerHasEvidenceForBusInvClaim
- YNEvidenceIsWritten
- 1065 Sch K- review the Excel Add-in Specification Worksheet for fields added / removed.
- Income Summary:Corrected Typos:
- Previously: IncPrevDefferedAsResultOfSec108iXtoExcludeFromQBI
- Corrected: IncPrevDeferredAsResultOfSec108iXtoExcludeFromQBI
- Previously: IncPrevDefferedAsResultOfSec108iAmt
- Corrected: IncPrevDeferredAsResultOfSec108iAmt
- Previously: IncPrevDefferedAsResultOfSec108iAllocCode
- Corrected: IncPrevDeferredAsResultOfSec108iAllocCode
- Previously: DeenedIRC1250UnrecapturedGainAmt
- Corrected: DeemedIRC1250UnrecapturedGainAmt
- Income Summary: Add missing field
- Net4797specAllocGainLossXtoExcludeFromQBI
- Deduction Summary: Add missing field
- IRC743NegativeAdjustmentsXtoExcludeFromQBI
- Credits: Add new fields
- QualCommercialCleanVehicleCrForVehiclesAcqAfter2022Amt
- QualCommercialCleanVehicleCrForVehiclesAcqAfter2022AllocCode
- UnusedInvCrFromCleanElecInvCredFromCoopAmt
- UnusedInvCrFromCleanElecInvCredFromCoopAllocCode
- CleanElecProductionCrAmt
- CleanElecProductionCrAllocCode
- CleanFuelProductionCrAmt
- CleanFuelProductionCrAllocCode
- Other Information: Add new Fields
- CleanElectricityInvestmentPropAmt
- CleanElectricityInvestmentPropAllocCode
- CorporateAlternativeMinTaxAmt
- CorporateAlternativeMinTaxAllocCode
Tax accounting system
We updated or addressed the following:
Schedule M-2
: Resolved the issue where the Schedule M-2 Consolidation workpapers didn't show the correct consolidation totals.Federal Chart of Accounts Cross Reference
: Resolved the issue where an error and failure to import for the import of Federal Chart of Accounts Cross Reference charts when the Prior Year Chart is set to Read Only. Jurisdiction Release Information
: Jurisdiction Release Information now correctly displays the Form Approval Details.State TI Review - Tennessee
: State TI Review workpapers for Tennessee now correctly displays the state apportionment factors for the consolidation.1065 partnership
Federal
We updated or addressed the following:
Form 1065
: Modified e-file schema to allow description lines for Schedule L line 17.State
We updated or addressed the following:
Arkansas
: Updated the partner information display for 1100PET Page 4.Idaho
: Corrected K1 Page 2 line 37 calculation.Indiana
: Updated composite e-file to allow negative income in specific situations.Iowa
: Modified automatic activation of PTET election question.Kentucky
: Included the financial transaction e-file for 740NP-WH.Maryland
: Automated disregarded entity on the Form 510 workpaper.New York
: Modified NYC K-1 print when Federal Schedule K-1 is suppressed.North Carolina
: Added a checkbox to prevent the automatic calculation for NC-NPA.Oregon
: Corrected the EIN mapping for OR-19 owners.Pennsylvania
: Corrected Page 1 print.Tennessee
: Corrected the e-file schema for Schedule NC and Schedule SC.Vermont
:
- Increased the length of the alternate K-1 package print field.
- Added select print for the BA-406.
West Virginia
: Updated EPT-100 Partner Report for tax before credits.1120 corporate
We updated or addressed the following:
Arkansas
- Updated Arkansas Form AR1100ADJ, Part A, line 9 so the whitepaper reflects additional other adjustments.
- Corrected the print for Form 1100CT, Form AR1100ADJ Other Deductions duplication.
Georgia
: Updated print for the checkbox on Form IT-CONSOL, Page 3.Oregon
: Updated the computation for Form OR-CAT-V since the overpayment of 2024 income tax credited against the 2025 amount was not populating correctly.
