K1X Release - 04/14/2025

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990-Series Solutions

• IA 1120, Schedule D:  Electronic filing schema has been updated to include a tag for Supporting Documentation for Schedule Domentation and may be electronically filed.
• New Mexico, Form CIT-1: The count of factors will no longer be included in the XML when all factors are 0 and such returns may now be electronically filed.
• State Instructions: State instructions have been modified to fit long email addresses without truncation.
• Form 8949 (TY 24): Draft text has been removed from the form.

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

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.

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