November 27, 2022

  • Tax Updates/Fixes:
    • General - Step-up basis is now calculated on regular asset capital gains in survivor reports
    • Pensions - Military pensions may now be identified using the new Type field allowing improved handling in state taxes
    • Rhode Island - Added retirement income exclusion including the revision for 2023 and beyond
  • Reserve Fund first year income and balance now handled in line with general regular assets