USA Tax Year Export
The following describes the enhancements included in the December 2019 update.
Tax Integration
Updated the following tax packages to support the 2019 tax year:
-
CCH ProSystem fx® Tax
- CCH Axcess™ Tax
-
GoSystem Tax®
-
UltraTax® CS
-
Lacerte® Tax
Updated the following US 2019 tax code exports:
CCH Prosystem fx® Tax, CCH Axcess™ Tax
Tax Entity | New Code | Description | Change |
---|---|---|---|
Corporation | 18B | Floor Plan Financing Interest Exp | NEW |
25 | Domestic Prod Activ Ded (Ovrd) | DELETE | |
29A | 80% tax inc limit post-2017 net op loss - caryovr ovr | NEW | |
C01 | DIV-<20% owned domestic corp 50% | DESC | |
C02 | DIV->20% owned domestic corp 65% | DESC | |
C06 | DIV-<20% Foreign corps subj to 50% | DESC | |
C07 | DIV->20% Foreign corps subj to 65% | DESC | |
C13A | DIV-Foreign from specified 10%-owned foreign corp | DESC | |
C14A | DIV-Foreign not included on lines 3, 6, 7, 8, 11, 12, or 13 | DESC | |
C16AA | DIV-SubF inclusion from sale by CFC | DESC | |
C16BA | DIV-SubF inclusion from hybrid div of tiered corp | DESC | |
C16CA | DIV-Other incl from SubF not included | DESC | |
C17A | DIV-GILTI | DESC | |
C18A | DIV-Gross up for foreign taxes deemed paid | DESC | |
C19A | DIV-Disc or former disc dividends | DESC | |
C20 | DIV-Other dividends | DESC | |
C21C | DIV-Ded-pub util dv(>6/30/87)(C13a) | DESC | |
C22C | DIV-Section 250 deduction | DESC | |
S Corporation | 13B | Floor Plan Financing Interest Exp | NEW |
K12AA | Cash Charitable Contributions (60%) | DESC | |
Partnership | 15B | Floor Plan Financing Interest Exp | NEW |
Non-Profit | 1027 | Net assets without donor restrictions-990 | DESC |
1028 | Temp. restricted net assets-990 | DESC | |
1029 | Net assets with donor restrictions-990 | DELETE |
GoSystem Tax®
Tax Entity | New Code | Description | Change |
---|---|---|---|
Corporation | C01 | DIV-<20% owned domestic corp 50% | DESC |
C02 | DIV->20% owned domestic corp 65% | DESC | |
C06 | DIV-<20% Foreign corps subj to 50% | DESC | |
C07 | DIV->20% Foreign corps subj to 65% | DESC | |
C13A | DIV-Foreign from specified 10%-owned foreign corp | DESC | |
C14A | DIV-Foreign not included on lines 3, 6, 7, 8, 11, 12, or 13 | DESC | |
C16AA | DIV-SubF inclusion from sale by CFC | DESC | |
C16BA | DIV-SubF inclusion from hybrid div of tiered corp | DESC | |
C16CA | DIV-Other incl from SubF not included | DESC | |
C17A | DIV-GILTI | DESC | |
C18A | DIV-Gross up for foreign taxes deemed paid | DESC | |
C19A | DIV-Disc or former disc dividends | DESC | |
C20 | DIV-Other dividends | DESC | |
S Corporation | K12AA | Cash Charitable Contributions (60%) | DESC |
Partnership | K11F.O | Section 743(b) positive adjustments | NEW |
K13DV.R | Section 743(b) negative adjustments | NEW |
UltraTax® CS
Tax Entity | New Code | Description | Change |
---|---|---|---|
Corporation | C01 | DIV-<20% owned domestic corp 50% | DESC |
C02 | DIV->20% owned domestic corp 65% | DESC | |
C06 | DIV-<20% Foreign corps subj to 50% | DESC | |
C07 | DIV->20% Foreign corps subj to 65% | DESC | |
C13A | DIV-Foreign from specified 10%-owned foreign corp | DESC | |
C14A | DIV-Foreign not included on lines 3, 6, 7, 8, 11, 12, or 13 | DESC | |
C16CA | DIV-Other incl from SubF not included | DESC | |
C17A | DIV-GILTI | DESC | |
C18A | DIV-Gross up for foreign taxes deemed paid | DESC | |
C19A | DIV-Disc or former disc dividends | DESC | |
C20 | DIV-Other dividends | DESC | |
C22C | DIV-Section 250 deduction | DESC | |
Non-Profit | 1027 | Net assets without donor restrictions-990 | DESC |
1028 | Temp. restricted net assets-990 | DELETE | |
1029 | Net assets with donor restrictions-990 | DESC |
Lacerte® Tax
Tax Entity | New Code | Description | Change |
---|---|---|---|
Corporation | C01 | DIV-<20% owned domestic corp 50% | DESC |
C02 | DIV->20% owned domestic corp 65% | DESC | |
C06 | DIV-<20% Foreign corps subj to 50% | DESC | |
C07 | DIV->20% Foreign corps subj to 65% | DESC | |
C13A | DIV-Foreign from specified 10%-owned foreign corp | DESC | |
C14A | DIV-Foreign not included on lines 3, 6, 7, 8, 11, 12, or 13 | DESC | |
C16AA | DIV-SubF inclusion from sale by CFC | DESC | |
C16BA | DIV-SubF inclusion from hybrid div of tiered corp | DESC | |
C16CA | DIV-Other incl from SubF not included | DESC | |
C17A | DIV-GILTI | DESC | |
C18A | DIV-Gross up for foreign taxes deemed paid | DESC | |
C19A | DIV-Disc or former disc dividends | DESC | |
C20 | DIV-Other dividends | DESC | |
C21C | DIV-Ded-pub util dv(>6/30/87)(C13a) | DESC | |
C22C | DIV-Section 250 deduction | DESC | |
S Corporation | K12AA | Cash Charitable Contributions (60%) | DESC |
Non-Profit | 1027 | Net assets without donor restrictions-990 | DESC |
1029 | Net assets with donor restrictions-990 | DESC |