1041: Release Notes for Prior Interim Releases
* New for Prior Releases: Federal
* New for Prior Releases: State
* Closed Issues: Federal
* Closed Issues: State
* Current Interim Release Notes
New for Prior Releases: Federal
No new features on prior interim releases.
New for Prior Releases: State
No new features on prior interim releases.
Closed Federal Issues on Prior Releases
E-file
20-7.5F We updated the foreign countries on Part IV for Form 990-T e-file (1041).
20-7.2F We updated the FBAR schema so that it no longer populates AccountMaximumValueAmountText when UnknownMaximumValueIndicator is populated.
20-7.2F We updated the 990-T schema to include the schedules for Schedule A, Part I, line 5 from K-1 income sources.
20-7.2F We added Form 4952 to Form 990-T e-file (1041).
20-7.2F We updated to generate the Fiduciary Signature date correctly with Form 990-T e-file (1041).
Footnotes
20-7.2F The federal footnotes now correctly do not print under the 8865 print folder if it exists.
Form 926
20-7.5F We updated Form 926, Page 1, Part II, Transferee Country Code to automatically flow to the tax form.
20-7.2F Form 926, Page 1, line 6 now prints the US address correctly.
Form 990-T
20-7.5F We updated Form 990-T, Schedule A, Part X to allow fractions for time devoted to business.
20-7.2F We updated the other deduction schedule to add an other type deduction group.
20-7.2F We updated print to print Form 3800 with Form 990-T (1041).
Form 5227
20-7.2F Form 965 now prints with 5227 split-interest trust returns.
20-7.2F We added an option to suppress the print of the attachment for Page 4, Part V-B, line 65a (Recipient Percentages).
Form 8453-FE
20-7.2F We updated Form 8453-FE to generate print correctly for the preparer's name.
Form 8621
20-7.2F We updated print to print the calendar year on Form 8621.
Form 8938
20-7.2F We updated print for Form 8938 to print all Part VI entries.
Form 8990
20-7.2F We updated Form 8990, line 30 to allow 50% of the 2019 excess business interest expense carryover.
20-7.2F We activated Form 8990 for Form 990-T.
Grantor Returns
20-7.5F The Amended Return Explanation now prints for grantor returns.
Letters and Filing Instructions
20-7.2F We updated the grantor tax information to report reforestation expense correctly.
20-7.2F We updated the grantor tax information letter to print the correct private activity bond.
Paid Preparer Information
20-7.2F The Paid Preparer date to Print Current System Date checkbox now unchecks if the account level default is checked.
20-7.5F We added Form 8990 and Form 8582-CR prints to go with Form 990-T print (1041).
20-7.2F We updated print for the Charitable Contribution Statement (1041).
20-7.2F We corrected the Tax Summary statement print for the year ending date in the heading.
Schedule A
20-7.2F We updated print to properly print the statement for Schedule A, Part I, line 5 (1041).
20-7.2F We updated the total field to generate data correctly on the workpaper for Schedule A, Part I, line 5 (1041).
20-7.2F We updated print to print the Schedule A Interest Expense statement properly (1041).
20-7.2F We updated Schedule A, Part II, line 14 to cover the other deduction from K-1 income source (1041).
Schedule D
20-7.2F We added Schedule D attachments print with Form 990T (1041).
Schedule E
20-7.2F We updated Schedule E to compute the correct allowable business interest expense.
20-7.2F We updated Schedule E to compute the correct allowable depletion expense.
20-7.2F We updated Schedule E, Page 2, line 29i to compute the correct net §743b adjustment.
20-7.2F We updated Schedule E, Page 2, line 28 to print passive excess business interest expense in the correct column.
Schedule K-1
20-7.5F We updated the Schedule K-1, line 14I , QBI activity details worksheet for the QBI and UBIA amounts.
20-7.2F We updated the K-1 reconciliation income/deduction page to print other income/loss in the correct column.
20-7.2F We updated Schedule K-1, line 14b to compute the correct low income housing credit beneficiary allocation.
20-7.2F We updated Schedule K-1, line 14H to compute the correct allocation of net investment rent and royalty income.
20-7.2F We updated the K-1 review to compute the correct total of other portfolio income.
Closed State Issues on Prior Releases
Arizona
20-7.2F We updated print to print the text See Statement on the right place on Form 141AZ, Page 2, Schedule A, line A1(a).
California
20-7.2F We updated print for the whitepaper for Form CA 541, Page 1, line 15a (other deductions not subject to 2% floor) to print the name, EIN, and amount for the partnership/S corporation.
20-7.2F We updated print for the whitepaper for Form CA 541, Page 1, line 2 (dividends) to print the correct dividend income amount from Schedule K-1.
20-7.2F We updated print for the California Schedule D attachment to print for a grantor trust.
Colorado
20-7.2F We added a whitepaper for Colorado Form DR-105, Page 7, Schedule G, Credit for Taxes Paid to Other States.
Connecticut
20-7.2F Connecticut now recognizes the CT-1041WH and CT-IT PDF attachment check boxes in the Connecticut E-file Attachment Summary screen.
Georgia
20-7.2F We updated the whitepaper for Form 501, Page 3 to include the addback of the qualified business income deduction.
Hawaii
20-7.2F We added the following to the master schema: AuthenticationHeaderOTT, EstateTrustReturnHeader OTT, EstateTrustReturnHeaderState OTT.
Louisiana
20-7.2F Form IT-541, Page 8, Schedule C now prints beneficiaries even when there is no distributable income.
Michigan
20-7.2F The charitable distribution amount on Form MI-1041, Page 3, Schedule 3 no longer appears when all of the distributable net income is distributed to the fiduciary and/or beneficiaries.
Minnesota
20-7.2F We updated Form M-2 , Page 1 to correctly generate the Statutory Nonresident check box.
New York
20-7.2F We moved the See Statement reference down to print in the correct place on Form IT-205, Page 3, Additional Information, line F.
20-7.2F We corrected New York e-file reject R1012 to refer to Form IT-205 line 4 must be equal to Schedule C columns 5 and 6, fiduciary amount.
North Dakota
20-7.2F We added an e-file reject diagnostic when the estimate payment date is earlier than the system date.
Pennsylvania
20-7.2F We updated the detail statement for Pennsylvania Schedule D, line 7 to correctly print the description.
20-7.2F We updated Pennsylvania Schedule D to generate print if line 1 is blank.
Utah
20-7.2F We updated the Utah diagnostic logic to clear an e-file diagnostic for Form TC41A, Part 4 total for nonapportionable nonrefundable credits.
Tax Application Release Notes and Resources/2020_1041_interim_prior_releases.htm/TY2021
Last Modified: 11/08/2021
Last System Build: 11/08/2021
©2021-2022 Thomson Reuters/Tax & Accounting.
