K1X Release - 07/23/2025

990-Series Solutions

• Form 3800 Credits: This release enables the following 3800 releated Tax Credit forms for Tax Year 2024:

Form 3468 - Investment Credit

Form 6765 - Credit for Increasing Research Activities

Form 8846 - Credit for Employer Social Security and Medicate Taxes Paid on Certain Employee Tips

Form 8882 - Credit for Employer-Provided Child Care Facilities and Services

Form 8936 - Clean Vehicle Credit

Form 5884 - Work Opportunity Credit​

Form 8586 - Low-Income Housing Credit​

Form 8820 - Orphan Drug Credit​

Form 8994 - Employer Credit for Paid Family and Medical Leave​

Form 8844 - Empowerment Zone Employment Credit​

Form 8908 - Energy Efficient Home Credit​

Form 8941 - Credit for Small Employer Health Insurance Premiums​

• Form 3800: This release addresses an issue with CAMT and BEAT checkboxes both being marked when only one applies.
• Form 8995: This release addresses an issue with Line 12 allowing a negative value. This line will now display zero when there is a loss on Schedule D.
• Form 990-W: This release enables the editing of 990-W installment due dates and addresses an issue with dates not displaying as expected.
• Form 1118, Schedule B XML: This release addresses an issue with the XML improperly including a value for Schedule B, Part II, Line 12 when it is was a value of 0.
• Schedule A:
  • Part V: This releases an issue with Section C, Line 2 not previously populating.
  • Import Template: Options for type of Organization have been updated to be consistent with IRS options and User Interface options in Tracker.
  • Import Template: Tax Years within the import template have been updated.
• Schedule K: This release makes improvements to Schedule K, Part I, Column F data presentation and production of white paper supplement.
• Schedule R: This release addresses an issue with the Country name not matching in the user interface and the import template causing the import to not occur for certain entries.
• Schedule B:
  • With this release address data on Schedule B will not be truncated.
  • Statement order has been updated to match the order of the related form lines.
• Alabama Form 20C: This release addresses an issue with the behavior for the consolidated federal group checkbox being marked when not applicable.
• California CA-199 E-file: This release addresses an issue with returns being rejected when selection the "Page 1 only" filing option for CA-199.
• Illinois AG990-IL: Line 10 has been modified to produce a white paper if text is longer than the form space allotted.
• New York CT-13: The check box to indicate Final/Termination has been enabled with this release.
• Virginia Form 8879 or 8453: This release addresses an issue with missing signature information and PIN values.
• Maine Form 1120ME: This release addresses an issue with Paid Preparer information flowing to the return when not applicable.
• Iowa Signature Information: This release addresses an issue with the presentation of officer name and title.
• Extension Signatures NY and CT:  This release adds missing signature information to the NY CT-5 and CT-990-T and the CT-990T, respectively.
• Diagnostics:  This release addresses an issue with a 990-T diagnostic for QBI deduction being over the allowed amount triggering improperly.
• Package Printing:  This release addresses an issue with some engagements in package printing encountering a "Unknown cause of failure."
• Transmittal Letter: With this release Transmittal letter management access is properly limited to administrator accounts.

As a reminder, you can find detailed statuses of forms on the Tax Year 2024 Supported Forms page at https://go.k1x.io/2024-supported-forms

K-1 Aggregator

• California Resident / Nonresident Logic: indicate state of residency at the instance level, and any CA / NY K-1 data extract and mapped in the user interface will reflect the instance's indicated state residency. Only NY and CA at the moment and works on CA/NY K-1s going forward (e.g. this will not be retroactive to previously uploaded CA and NY K-1s).
• Default to Fed/State TI Tab: Upon clicking "Edit Investment" for any particular investment, user is taken directly to the Federal/State taxable income tab.
• Add Client Software ID: If a Return ID is associated with a particular instance, instance name will be appended to reflect the return ID.
• Instance & Investment Level: Adjust # Items per Page: Control how many items you view on a page at a time (10, 50, 100, 200)
• Default Direct to the First Non-Summary Activity: If an investment only has one activity, user is directly taken to that activity (rather than summary).
  
  
  
  
   

Circular 230 Disclosure

To ensure compliance with requirements imposed by the IRS, we inform you that any tax advice contained in this software (including any reports or downloads) is not intended or written to be used and cannot be used for the purposes of (i) avoiding penalties under the Internal Revenue Code or (ii) supporting, promoting, marketing or recommending to another party any transaction or matter addressed herein. This software is for informational purposes only and should not be regarded as tax advice. Please consult your tax advisor or attorney for guidance on your individual tax situation.