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News > TaxCycle version 6.1.31577.0—Resolved issues in T2/CO-17

TaxCycle version 6.1.31577.0—Resolved issues in T2/CO-17


This update resolves issues found since the release of version 6.1.31567.0.

This version is available as an automatic update and as a full download from our website and a free trial

Who should install this release?

Please update to this release if you intend to file T2/CO-17 returns.

Resolved issues

  • Corporate linking
  • Calculation errors on S32PPACapWS

Corporate linking

Corporate linking is now functioning correctly in TaxCycle T2/CO-17. See the Corporate Linking help topic for instructions on linking TaxCycle files of associated/related corporations.

Resolved errors on the S32PPACap worksheet

This release resolves reported calculations errors on the S32PPACap worksheet in TaxCycle T2/CO-17. These included:

  • In step 1, amount A was incorrectly calculated as the sum of the three prior amounts. The calculation now correctly subtracts the second amount from the first amount and then adds the third amount.
  • In step 3, the overall cap on Prescribed Proxy Amount (PPA) is now calculated as A-B-C. It was previously calculated as A+B+C.

 

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