K1X Release - 06/18/2025

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990-Series Solutions

• Form 990PF: This release address an issue with the answer to the question "Is the Exemption Application Pending." When checked the appropriate box is marked on the PDF and the response is included in the XML.
• Form 990-EZ: This release address an issue with the order in which Part III narratives printed. The narratives will now print in order based on line location on the form. 
• California Form 109: This release addresses an issue with the marking of the check boxes for "May the FTB discuss this return with the preparer shows above?" The appropriate box is now marked on the PDF based on the data entered.
• California Form 109: This release addresses an issue with data not flowing through the return. Data will now populate throughout the return and be preserved upon navigation from one page to another.
• Kansas Form K-120: With this release the nature and location of Kansas business activities displays on Part VII, Line 3 of the PDF.
• Maine Form 1120ME: Contact person name fields may now be edited.
• South Carolina Form SC990-T: Schedule G will no longer compute for South Carolina only organizations.
• Form 8936, Part I, Line 7: This release updates the user input for line 7 to match the form.
• Florida F-1120, Page 4, Schedule 4: This release addresses an issue with the computation of line 4 for Schedule 4. Apportionment data will now flow and display for all years entered.

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

K1 Creator

• Improved K-1 Final/Amended Consistency Across Hierarchy

  We've enhanced how Final and Amended K-1 selections behave across the entity structure to ensure consistency between the user interface and PDF.

  Previously, selecting Final or Amended status at the Entity, Investor, or Jurisdiction level only impacted selections at other levels of the hierarchy on the PDF. Now, selecting Final or Amended at a higher level will automatically apply that selection to all relevant items below it in the hierarchy in the user interface as well:

  • Entity-level selections now update all investors and all applicable jurisdictions.

  • Investor-level All K-1s Final/Amended selections now update all jurisdictions for that investor.

  We've also introduced visual indicators to make it clear when a Final or Amended checkbox is controlled by a higher-level setting. In those cases, the checkbox will appear checked and disabled (or unchecked and enabled, if not selected above), signaling that it's inherited rather than editable at that level.

• Improved Display for Amount-Based Allocation Codes

  To reduce confusion and align with expected formatting, amount fields for amount-based allocation codes no longer display decimal places.

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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