USA Tax year export
The following describes the enhancements included in the December 2024 update.
Tax packages
Updated the following tax packages to support the 2024 tax year:
- CCH ProSystem fx® Tax
- CCH Axcess™ Tax
- GoSystem Tax®
- Lacerte® Tax
- UltraTax® CS
Tax export codes
Updated the following US 2023 tax export codes:
CCH ProSystem fx® Tax, CCH Axcess™ Tax
| Tax Entity | Code | Description | Change |
|---|---|---|---|
| S Corporation | K12C | Investment Interest Expense | Changed from K12B |
| K12D2 | Section 59(e)(2) expenditures | Changed from K12C2 | |
| K12EH | Portfolio Deductions-Royalty | Changed from K12DH | |
| K12EH.A | Portfolio Deductions-Royalty(Ovrd) | Changed from K12DH.A | |
| K12EK | Other Portfolio Deductions | Changed from K12DK | |
| K12EK.A | Other Portfolio Deductions(Ovrd) | Changed from K12DK.A | |
| K12ER | Other Deductions | Changed from K12DR | |
| K12ER.A | Meals and Entertainment | Changed from K12DR.A | |
| K12ER.B | Form 4684 - ST Inc Prod Loss | Changed from K12DR.B | |
| K12ER.C | Health Insurance | Changed from K12DR.C | |
| K12ER.D | Life Insurance | Changed from K12DR.D | |
| K12ER.E | Depletion | Changed from K12DR.E | |
| K12ER.G | Other Deductions (Override) | Changed from K12DR.G |
GoSystem Tax®
| Tax Entity | Code | Description | Change |
|---|---|---|---|
| S Corporation | K10E.M | Subpart F Income | New Code |
| K10E.N | Section 951(a)(1)(B) inclusions | New Code | |
| K10I | G/L disp oil/gas/geothermal/oth mineral prop | New Code | |
| K10J | Recoveries of tax benefit items | New Code | |
| K10K | Gambling gains and losses | New Code | |
| K10M | Gain Sec. 1045 rollover (stock purchased) | New Code | |
| K10N | Gain Sec. 1045 rollover (no stock purchased) | New Code | |
| K10O | Gain sale/exch QSB stock Sec. 1202 exclusion | New Code | |
| K10S | Non-portfolio capital gain (loss) | New Code | |
| K12BD | Non-Cash Charitable Contrib (50%) | Changed from K12AD | |
| K12BE | Non-Cash Charitable Contrib (30%) | Changed from K12AE | |
| K12BF | Non-Cash Charitable Contrib (20%) | Changed from K12AF | |
| K12BH | Sch K: Contributions (100%) | Changed from K12AH | |
| K12C | Investment Interest Expense | Changed from K12B | |
| K12D2 | Section 59(e)(2) expenditures | Changed from K12C2 | |
| K12EK | Other Portfolio Deductions | Changed from K12DK | |
| K12EK.B | Sch K: Other Portfolio Deductions | Changed from K12DK.B | |
| K12ER | Other Deductions | Changed from K12DR | |
| K12ER.A | Meals and Entertainment | Changed from K12DR.A | |
| K12ER.B | Form 4684 - ST Inc Prod Loss | Changed from K12DR.B | |
| K12ER.C | Health Insurance | Changed from K12DR.C | |
| K12ER.D | Life Insurance | Changed from K12DR.D | |
| K12ER.E | Depletion | Changed from K12DR.E | |
| K12ER.H | Sch K: Preproductive period expenses | Changed from K12DR.H | |
| K12ER.I | Sch K: Rental real estate commercial revitalizati | Changed from K12DR.I | |
| K12ER.J | Sch K: Reforestation expense deduction | Changed from K12DR.J | |
| K12EW | Soil and water conservation | New Code | |
| K12EX | Film, television, & theatrical prod exp | New Code | |
| K12EY | Expenditures for removal of barriers | New Code | |
| K12EZ | Itemized deductions | New Code | |
| K12EAA | Contributions to capital construction fund | New Code | |
| K12EAB | Penalty on early withdrawal of savings | New Code | |
| K12EAC | Interest exp allocated debt-financed distrib | New Code | |
| Partnership | K11I | G/L disp oil/gas/geothermal/oth mineral prop | New Code |
| K11J | Recoveries of tax benefit items | New Code | |
| K11K | Gambling gains and losses | New Code | |
| K11L | Income/gain or loss distrib under Sec. 751(b) | New Code | |
| K11M | Gain Sec. 1045 rollover (stock purchased) | New Code | |
| K11N | Gain Sec. 1045 rollover (no stock purchased) | New Code | |
| K11O | Gain sale/exch QSB stock Sec. 1202 exclusion | New Code | |
| K11P | Gain/loss disp farm recap prop & oth Sec. 1252 | New Code | |
| K11Q | G/L Fannie Mae/Freddie Mac qualif pref stock | New Code | |
| K11S | Non-portfolio capital gain (loss) | New Code | |
| K13EW | Soil and water conservation | New Code | |
| K13EX | Film, television, & theatrical prod exp | New Code | |
| K13EY | Expenditures for removal of barriers | New Code | |
| K13EZ | Itemized deductions | New Code | |
| K13EAA | Contributions to capital construction fund | New Code | |
| K13EAB | Penalty on early withdrawal of savings | New Code | |
| K13EAC | Interest exp allocated debt-financed distrib | New Code | |
| K13EAD | Interest exp for working interest oil or gas | New Code |
Lacerte® Tax
| Tax Entity | Code | Description | Change |
|---|---|---|---|
| S Corporation | K12BD | Non-Cash Charitable Contrib (50%) | Changed from K12AD |
| K12BE | Non-Cash Charitable Contrib (30%) | Changed from K12AE | |
| K12BF | Non-Cash Charitable Contrib (20%) | Changed from K12AF | |
| K12C | Investment Interest Expense | Changed from K12B | |
| K12D2 | Section 59(e)(2) expenditures | Changed from K12C2 | |
| K12ER | Other Deductions | Changed from K12DR | |
| K12ER.A | Meals and Entertainment | Changed from K12DR.A | |
| K12ER.B | Form 4684 - ST Inc Prod Loss | Changed from K12DR.B | |
| K12ER.C | Health Insurance | Changed from K12DR.C | |
| K12ER.D | Life Insurance | Changed from K12DR.D | |
| K12ER.E | Depletion | Changed from K12DR.E |
UltraTax® CS
| Tax Entity | Code | Description | Change |
|---|---|---|---|
| S Corporation | K12BI | Noncash contributions | Changed from K12AI |
| K12C | Investment Interest Expense | Changed from K12B | |
| K12D2 | Section 59(e)(2) expenditures | Changed from K12C2 | |
| K12EK | Other Portfolio Deductions | Changed from K12DK | |
| K12EL | Reforestation expenses | Changed from K12DL | |
| K12EM | Preproductive period expenses | Changed from K12DM | |
| K12ER | Other Deductions | Changed from K12DR | |
| K12ER.A | Meals and Entertainment | Changed from K12DR.A | |
| K12ER.B | Form 4684 - ST Inc Prod Loss | Changed from K12DR.B | |
| K12ER.C | Health Insurance | Changed from K12DR.C | |
| K12ER.D | Life Insurance | Changed from K12DR.D | |
| K12ER.E | Depletion | Changed from K12DR.E | |
| K12ER.F | Penalty on early withdrawal | Changed from K12DR.F | |
| Partnership | K11J | Recovery of tax benefit items | New Code |
| K11K | Gambling gains and losses | New Code | |
| K11L | G/L from a distr under 751(b) | New Code | |
| K11N | Gain sec 1045, not purch pship | New Code | |
| K11P | G/L disp farm recap property | New Code | |
| K11Q | G/L Fannie Mae or Freddie Mac | New Code | |
| K11B | S/T cap gain nondepr propty | New Code | |
| K11C | L/T cap gain nondepr propty | New Code | |
| K13EW | Soil and water conservation | New Code | |
| K13EX | Film tele theatrical prod exp | New Code | |
| K13EZ | Itemized deductions | New Code | |
| K13EAA | Contributions to a CCF | New Code | |
| K13EAC | Int exp alloc debt-finan distr | New Code | |
| K13EAD | Int exp working int in oil gas | New Code | |
| K13EK.D | Deductions - portfolio income | New Code | |
| K13EY | Expend for removal of barriers | New Code |
