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15563: 2018.04.13 - Drake17 Federal and Tool Updates


Drake17 Update Notes

2018.04.13 - Drake17 Federal and Tool Updates

 

General Update 39

  • General program update.

1040 Update 39

  • In the Tax Planner, the tax deduction on Schedule A, line 9, in the “Taxes You Paid” section, has been limited to $5,000 for the filing status, Married Filing Separately.
  • In the Tax Planner, a negative amount of total QBI deduction will not be generated. 

1065 Update 19

  • IRC 965 Transition Tax Statement has been added to the program. Use screen 965 to prepare the necessary statements and elections.

1120S Update 17

  • IRC 965 Transition Tax Statement has been added to the program. Use screen 965 to prepare the necessary statements and elections.
  • Due to the Tax Cuts and Jobs Act, the Blended Tax Rate Worksheet ("Wks Blended Tax" in View/Print mode) was added for fiscal-year filers of Schedule D, Part III.

 


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