K1X Release - 04/02/2025

Hello! Please review the following changes that have been introduced as part of this K1x release. 

990-Series Solutions

• 2023:
  • 990-T Total Deductions: The value for Total Deductions on form 990-T has been adjusted to flow to state returns with better precision.
  • 990 Part IV: Line 11e will no longer be checked 'Yes' when Part X, column (B), Line 25 is 0.
  • State Instructions: Filing instruction formatting has been improved to eliminate overlapping text.  
  • Alabama: Form 20C will no longer be rejected when Schedule D-1 apportionment factor is 0.
  • California: 
    • Unrelated debt financed income values on form CA 109, Schedule D have been adjusted for rounding to match values as reported on Federal form 990-T.
    • Statements have been improved for Form 109, Part II, Lines 19 and 20 to allow entry of state values where different from federal.
  • Nebraska: The tax rate has been adjusted for entities with income in excess of $100,000.
  • New Mexico: CIT-1 validation has been modified to accommodate 0 for apportionment factors.
  • Vermont: Vermont Non-Business income formatting has been adjusted to improve validation for electronic filing.
• 2024:
  • 990-EZ: The pdf for Schedule A, Part I, Line 12 Type II will now be checked based on user input, as appropriate.
  • Maryland: Self-prepared returns will no longer generate an e-file rejection referencing missing paid preparer information. 

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

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