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16118: 2019.03.13 - Drake18 Updates


Drake18 Update Notes

2019.03.13 - Drake18 Updates

 

General Update 35

  • General program update.

General Update 36

  • If an invoice number is specified on screen 1, that number is now displayed in the ”Receipt” column of the Client Status Manager for 1041 returns.
  • An option was added to Basic View to mask SSNs when viewing returns.

1040 Update 37

  • An update allows reporting of a deferred gain related to an investment in a Qualified Opportunity Fund. On screen 8949, use adjustment code “Z.” 
  • A Return Note alerts preparers if a deduction for a SEP or Simple plan has been entered on either screen 4 or screen SEHI and the return qualifies for a Qualified Business Income deduction. An adjustment to the amount of Qualified Business Income from the activity may be required to properly account for this deduction.
  • An update prevents reject R0000-057-01 when the QBI Safe Harbor election PDF is attached to a return.
  • Sale of a primary residence with prior depreciation now flows to Form 8949, as expected, when entered on the HOME screen. Prior to this update, the depreciation was not reported as unrecaptured 1250 gain.

706 Program Update 3

  • General program update.

Federal Program Update 15

  • General program update.

1120S Program Update 20

  • An update allows reporting of a deferred gain related to an investment in a Qualified Opportunity Fund. Select "Z" from the "Adjustment" drop list on screen 8949.

1041 Update 14

  • The QBI will no longer include prior unallowed passive losses taken in the current year.
  • An update prevents reject R0000-057-01 when the QBI Safe Harbor election PDF is attached to a return. 
  • A rounding issue was corrected on the statement that shows foreign taxes allocated to beneficiaries.
  • QBI can now be allocated among the estate or trust and the beneficiaries using new screen FQBI.
  • QBI can now be allocated among specific beneficiaries using new screen KQBI.
  • An update allows reporting of a deferred gain related to an investment in a Qualified Opportunity Fund. On screen 8949, use adjustment code “Z.” 

1120 Program Update 14

  • An update allows reporting of a deferred gain related to an investment in a Qualified Opportunity Fund. Select "Z" from the "Adjustment" drop list on screen 8949.

1065 Program Update 23

  • An update allows reporting of a deferred gain related to an investment in a Qualified Opportunity Fund. Select "Z" from the "Adjustment" drop list on screen 8949.

990 Update 9

  • General program update.

Alabama Update 12

  • Partnership Package:
    • Line 3a, "Other gross rental income (loss)," on AL 65 Partnership Return of Income, page 4, Schedule K, has been updated to include losses from Form 4797 when they are a result of rental activities. 
  • S Corporation Package: 
    • EF Message 0026 now prevents reject "WksSchB-AL20S-006b" when column E of AL Form 20S, S Corporation Information Tax Return, page 2, Schedule B, is greater than column F of page 2, Schedule B.

Arizona Update 14

  • Partnership Package:
    • The expected 'Pro Rata share' amounts will be printed on Form AZ165E, Arizona Schedule E, when the federal distributions are based on special allocations. 
    • The "Extension Date" and "Taxable Year Ending" will be printed on Form 120EXT, Application for Automatic Extension of Time to File.
  • Individual Package:
    • Print positions have been updated for the "Worksheet for Net Long-Term Capital Gain Subtraction for Assets Acquired After December 31, 2011," when the main form is the 140PY or 140NR.
    • Qualifying Foster Care Charitable Organization information entered on AZ screen 352 will no longer be printed on Form 140, page 3, "Dependent Information." 
    • The list of Qualifying Charitable Organizations used for Credit 321 and Qualifying Foster Care Charitable Organizations used for Credit 352 has been updated to the most recent list.
  • Fiduciary Package:
    • The Calculation Results window will now display "AZ141" with a green check in the "EF status" column when the return is calculated and all EF messages have been cleared. 

California Update 11

  • Individual Package:
    • Amended individual returns are now available for printing and e-filing.
    • EF Message 0095 now prevents reject FW-010 when code Q is entered on federal screen W2, line 12, "Code" field, and other codes are present. 
    • SMLLC EF Messages now prevent rejecrt DRKPARSE for element "Filer" having invalid "child" element when quotation marks (an invalid entry) have been entered in the "Name control" field on CA screen DEMO (available from the "Single Member LLC" tab of the CA Data Entry Menu). 
    • An update prevents reject DRKPARSE for element "AnnualTax" being invalid when a negative amount of annual tax for a SMLLC is entered on CA screen MAIN, (available from the "Single Member LLC" tab of the CA Data Entry Menu).
    • An update ensures that the correct amount of estimated payments is reported on CA-Comp when estimated payments are entered on federal screen ES with a date of payment. 
    • Updated EF Messages prevent reject DRKPARSE for element "PaymentInformation" having incomplete content when no daytime phone number for state use is included with the return. 
    • CA Form 3514 has been updated to calculate the same Earned Income Credit as the published tables for the following brackets: 
      • Zero qualifying dependents with CA earned income between $5,501 to $5,550
      • One qualifying dependents with CA earned income between $9,801 to $9,850
      • Two qualifying dependents with CA earned income between $14,201 to $14,350
      • Three or more qualifying dependents with CA earned income between $14,301 to $14,400
    • Updated EF Messages prevent reject DRPARSE for invalid element 'DateOfBirth' when a date of birth for taxpayer or spouse of "00-00-0000" has been entered on federal screen 1. 
    • Updated EF Messages prevent reject DRKPARSE for element "PaymentInformation" having incomplete content when no daytime phone number  for state use is included with the return.
    • Updated EF Messages prevent e-file of returns that have the 'e-file' checkbox selected on federal screen ES for CA estimates but do not have CA estimates included on the return.
  • Individual and Fiduciary Packages:
    • Updates prevent reject DRKPARSE for element "EntityId" being invalid for a non-numeric entry on CA screen NOL2 in the "Entity ID" field. 
  • Corporation package: 
    • Program updates prevent reject DRKPARSE for element CityNm being invalid when numbers are entered in the foreign address city field on CA screen SCHQ under the Accounting Records link. 
    • Updated EF Messages prevent reject DRKPARSE for element "Officer" having incomplete content when title of the officer is not entered on federal screen E. 
  • S Corporation Package.
    • Schedule K-1 (100S), line 16d, "Distributions," column B will now display the same amount as on the federal Schedule K-1 when federal screen DIST is used and an override on federal screen K1 ("Overrides" tab) for distributions is used. 
  • Corporation and S Corporation Packages:
    • An update prevents reject DRKPARSE for "invalid element NOLDeduction when a negative." 
    • Updates prevent reject DRKPARSE for invalid element "InitialLoss" when a negative number is entered in column (d) of CA screen NOL for initial loss. Loss amounts should be entered as positive numbers.
  • Partnership Package:
    • Depreciable assets entered on federal screen 4562 for Schedule F will now be included CA Schedule B depreciation.
    • Entries on CA screen K, line 20b, will no longer be reported on Schedule K, line 20c.
    • An update prevents reject DRKPARSE for element "CostOfGoodsSold" being invalid when a negative Cost of Goods Sold is entered on line 1b of CA screen WKS. 
    • An update prevents reject DRKPARSE for invalid element "NbrOfPartnersDuringYr" when only one partner is entered on federal screen K1 and CA Form 565 is being e-filed.
    • Updated EF Messages prevent reject DRKPARSE for element "Form565ScheduleQ" having invalid "child" element when no "Principal business activity" is entered on federal screen 1. 
  • Fiduciary Package:
    • An update prevents reject DRKPARSE for invalid element 'SSN' when "FOREIGN" is entered in the beneficiary's "ID number" field on federal screen K1. 
  • Multiple Packages:
    • EF Messages have been updated to prevent reject DRKPARSE for invalid element "LLCTempNumber" when an "LLC Temp Numbe"r is entered on CA screen 568 that does not contain nine digits and does not begin with "0" (zero).
    • Updated EF Messages prevent reject DRKPARSE for invalid element "EventDate" when "Various" is entered on CA screen 593 in the "Transfer Date" field. The state does not accept "Various" on a date line.
    • Updates prevent reject DRKPARSE for invalid element "DateAcquired" when "Inherit" is entered as the "Date acquired" on CA screen D1. 
    • Updates prevent Part IV of CA Schedule D-1, Sale of Business Property, from generating an overflow statement when not required. 

District Of Columbia Update 9

  • Corporation, S Corporation, and Partnership Packages:
    • An update prevents parse error: "'SaleAccountNo' element is invalid - The value '350-12345678' is invalid according to its datatype 'DCAccountNoType' - The string '350-12345678' is not a valid Integer value."

Georgia Update 6

  • Individual Package:
    • Following recent GA DoR guidance, the calculation used for line 12b of the return has been updated and Worksheet ADJ has been added to show the computation.
  • Fiduciary Package:
    • A parse error on element "Sch2" has been resolved on Form 501X.
    • A parse error on element 'ZIPCd' has been resolved on Form 501.
  • Corporation and S Corporation Packages:
    • The suite number will now be included as part of the address line on GA Forms 600, Corporation Tax Return, and 600S, S Corporation Tax Return. 
  • Partnership Package:
    • The title of GA Form 700ATT, Partner Listing Attachment, has been updated to read, "Schedule 5."

Hawaii Update 7

  • Individual Package:
    • "Job expenses and Other Miscellaneous Deductions" now flow correctly from federal screen A to the "Worksheet A-6" section of the Hawaii Itemized Deductions Worksheet.
    • EF message 3101 has been disabled and a return with "Dependent Care Benefits" paid, entered in box 10 of Form W-2, can now be e-filed. 
  • S Corporation Package:
    • An EF Message now prevents a parse error on 'OtherDeductions ' when negative entries are made on federal screen DED. 
    • Schedule P, Computation of Apportionment Factors, now correctly averages the property, payroll, and sales factors on Form N-35, S Corporation Income Tax Return, when only one factor is present.
    • A parse error on 'OrdinaryIncomeOrLoss' has been resolved when of line 1 of Schedule O of Form N-35 is a loss.

Illinois Update 12

  • S Corporation, Partnership, and Fiduciary Packages:
    • Amounts entered in the "Credits and payments made before the original tax due date" override fields of the following screens will now flow to the main forms:
      • (1120S package) - IL screen 2, line 60a
      • (1065 package) - IL screen 2, line 61a
      • (1041 package) - LI screen 2, line 54a
    • Prior to this update, amounts from these override fields were not flowing to the main forms.
  • Fiduciary Package:
    • EF Message 0284 now prevents the following reject: "Reject IL1120M-1000-2 when the preparer doesn't put a description of the Other income on Step 2 line 10 of the IL1041 screen 'SCHM Schedule M- Other Additions/Subtractions'." 
  • All Packages:
    • IL EF Message 300 no longer prevents e-file when the ZIP+four code is used (the ZIP code, a hyphen (" - "), and four extra digits. 
  • S Corporation Package:
    • "The Frequently Asked Questions about Extensions" link at the bottom of the 1120S "EXT" screen now goes the FAQ screen.

New Hampshire Update 7

  • Individual Package:
    • Returns that have been transmitted and acknowledged as pending ("P" acknowledgement) will no longer appear in the EF Selector. .
  • Individual and Partnership Packages:
    • Checkboxes at the bottom of page 1 of Form DP-10, Interest and Dividends Tax Return, will now be marked appropriately. 

Ohio Update 23

  • Individual Package:
    • Rents and royalties from federal Schedule E will now flow correctly to Ohio generic city returns when overrides are present on the "Schedule E" tab of OH screen GEN. 
  • Corporation Package:
    • "E-file" will now be indicated as the filing method in the client results letter and filing instructions when the return status is pending ("P" acknowledgement) or accepted ("A" acknowledgement). 
  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Calculation of municipal taxable income for Form MNP-10, Municipal Net Profits Tax Return, Schedule B, has been modified to prevent EF reject OHMNP-035.

Virginia Update 12

  • Corporation, S Corporation, Partnership Packages:
    • A new subtraction, "Business Interest Deduction," has been made available on VA screen ADJB as a result of changes made by VA legislation.

Wisconsin Update 19

  • Individual Package:
    • EF Messages now prevent reject, DRKPARSE, when filing Schedule HR, Wisconsin Historic Rehabilitation Credits, and lines 2c and 2d have not been entered on WI screen HR. 
    • Updates prevent reject DRKPARSE for invalid element 'LossYear' when the year of loss entered on WI screen NOL3 is not inside the range of allowable years (1998 - 2018). 
    • Updates prevent reject DRKPARSE for element "QualifyingChil" having invalid child element when number of months a child lived with the taxpayer on WI Fornm EIC-A is "0" (zero). 
    • An update prevents e-file reject, DRKPARSE, when WI screen CF, Carry-Forward of Unused Credits, is present but has not been completed.
    • An update prevents e-file reject, DRKPARSE, when filing Form 1, Wisconsin Income Tax, with "01" selected from the "Special condition code" drop list on WI screen 2.
    • An update prevents e-file reject, DRKPARSE, when filing Form 1NPR, Nonresident & Part-Year Resident WI Income Tax, and one spouse is a part-year resident and one spouse is a resident of a foreign country.
    • An update prevents e-file reject, DRKPARSE, when filing Form 1, Wisconsin Income Tax, and "0" (zero) is calculated for Schedule 2, Married Couple Credit When Both Spouses are Employed. 
    • Lines 35, 38, 40, and 42 of Form U, Underpayment of Estimated Tax By Individuals and Fiduciaries, have been updated to be calculated based on the form instructions. Prior to this update, these lines were not generating any amounts on the form.
  • S Corporation Package:
    • Form 5S, Wisconsin Tax-Option (S) Corporation Franchise or Income Tax Return, and the associated Schedules K-1, have been updated so all calculated credits will flow to Form 5S and then be distributed to each shareholder's K-1 based on ownership percentage. 
  • Partnership Package: 
    • An update prevents EF Message 0089 from being generated when the total capital ownership percentage of the partners is not greater than 100 percent.

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