The site will be placed in maintenance on Thursday, June 13th to release the below software updates.
FORM 1099-R
- Checkbox has been added, that if marked, the taxable amount will not carry to Form 8880, Line 4 as a current year distribution. This would be used for retirement distributions that should not be included when determining the Retirement Contributions Credit (Enhancement)
- A couple examples of current year retirement distributions to exclude from the Retirement Savings Contribution Credit would be Military Retirement Distributions, Distributions with Code 4 in Box 7 (death benefit), or a loan taken out of your qualified employer plan as a distributions. Additional retirement distribution types to exclude are found on Form 8880, Line 4 instructions – Click Here.
LOUISIANA
- Correct an issue within the Retirement Benefits subtraction menu where Spouse retirement dates were not being saved correctly (Issue 3214)
SCHEDULE D – CAPITAL GAIN and LOSS
- Correct an issue where originally saving a capital gain/loss item as a worthless sale would not be updated to reflect an actual sales date if edited (Issue 3644)
ZIP CODE DATABASE
- Adding zip codes 25403, 25404, and 25405 for Martinsburg, WV (Issue 3660)
*Click here to download a PDF of our Cumulative Release Notes.