SoftPro Select 4.2.3 (4.2.41213.12) - 3/17/2017 - Part 2 of 3

ProTrust

Reports

Daily / Transaction Activity

The reference number for the last processed transaction did not display correctly except for checks; resolved. 279653

 

Reconciliation

On the Reconciliation screen, zero dollar ($0.00 ) amount group deposits were appearing; resolved. 339924

 

Pro1099

Record

• The Pro1099 record’s profile path was not automatically updated when the Order’s ownership profile was manually changed; resolved. 354275
• A new Foreign person checkbox has been added. This checkbox is used to specify that the transferor is a foreign person. This would include nonresident alien, foreign partnership, foreign estate, or foreign trust. 362943

 

Seller Proceeds (1099-S)

A new field has been added to specify a seller as being a foreign person or entity. 362942

 

Documents & Reports

• The Substitute 1099-S Report and the ProForm Substitute 1099-S ReadyDoc were modified to incorporate the new foreign person field. 363546, 363543, 362642
  • For settlements prior to 2017, continue to use the older Substitute 1099-S Form.
  • Here’s the location of the modified form in the ReadyDoc tree:

  

  • Here is how the foreign person will appear on the rendered 1099-S: