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16888: 2020.09.10 - Drake19 Updates

Drake19 Update Notes

2020.09.10 - Drake19 Updates


Georgia Update 18

  • Individual, Corporate, S Corporation, and Partnership Packages:
    • A parse error on element "CreditInformation" has been resolved.

Iowa Update 30

  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Due to Iowa not coupling in 2019 with federal Depreciation of Qualified Improvement Property (QIP) under the CARES Act, if "D - Qualified Improvement Property" is selected from the "Qualified Nonresidential Property" drop list and "15" is entered in the "Life" field in the "Federal" column on federal screen 4562, "39" must be entered in the "Life" field in the "State" column.
    • Page 2 of Form 42-029a, IA 101 Nonconformity Adjustments, will no longer be generated if no data has been entered in Part II of IA screen NONC.
  • Corporation and S Corporation Packages:
    • Iowa worksheets IA42LN3A and IA42LN3B have been added to calculate lines 3a and 3b, "Limitation on Business Interest Expenses," on Form 42-029a, IA 101 Nonconformity Adjustments. - Iowa worksheet IA8990WK has been added for federal Form 8990, Limitation on Business Interest Expense Under Section 163(j).

Illinois Update 29

  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Updates have been made to business rules per IL DoR. 
  • Fiduciary Package:
    • EF Message 337 is now generated if line 29b, "Taxable income of ESBT," on Step 4, "Figure your Illinois additions and subtractions," of Schedule NR, Nonresident Computation of Fiduciary Income, is greater than zero ("0") and either the "Electing small business trust" box on line D, "Check the box if any of the following apply," of Form IL-1041, Fiduciary Income and Replacement Tax Return," has not been marked or no Schedule K-1, Partner's or Shareholder's Share of Income, Deductions, Credits, and Recapture, is attached to the return. This is to prevent IL reject " ILSCHNR- 900-1." 
  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • IL Schedules 1299-A, Tax Subtractions and Credits (for partnerships and S corporations), and 1299-D, Income Tax Credits (for corporations and fiduciaries), now produce the fiscal year-end in column C, "IL Tax Year Credit Earned." 
    • EF Message 165 is now generated if the date entered in the "Year Ending" field on IL screen K1P does not fall within the return's tax year.

New Hampshire Update 11

  • Individual Package 
    • Form BT-SUMMARY, Business Tax Return Summary, and Form DP-10, Interest and Dividends Tax Return, can now be e-filed when federal Form 1040-X, Amended US Individual Income Tax Return, has been produced.

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