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16925: 2020.10.13 - Drake19 Updates


Drake19 Update Notes

2020.10.13 - Drake19 Updates

 

Alabama Update 22

  • Individual Package
    • The check box "Calculate 2020 AL estimated tax when taxpayer is deceased" has been added to AL screen 1 to allow calculation of ES vouchers and application of an overpayment to next year when a date of death exists for the taxpayer.

Federal Update 49

  • Statements attached to Schedule 1 (Form 1040), Additional Income and Adjustments to Income, for NOL loss carryovers now refer to line 8, "Other income," of Schedule 1, as intended.

Hawaii Update 15

  • Individual Package 
    • Due to Hawaii decoupling from certain provisions of the federal CARES Act, the following modifications have been made to net operating loss (NOL) and limitation of business losses:
      • Pre-CARES Act limitation on business loss amounts will be added to either line 10, "Other Hawaii additions to federal AGI," of Form N-11, Individual Income Tax Return RESIDENT, or line 19, "Other income," of Form N-15, Individual Income Tax Return NONRESIDENT and PART-YEAR RESIDENT. An attachment will be generated showing the description of the items added back.
      • Pre-CARES Act NOL differences stated as a positive amount will be added to either line 10, "Other Hawaii additions to federal AGI," of Form N-11, Individual Income Tax Return RESIDENT, or line 19, "Other income," of Form N-15, Individual Income Tax Return NONRESIDENT and PART-YEAR RESIDENT. An attachment will be generated showing the description of the items added back.
    • When filing federal Form 1040-SR, U.S. Tax Return for Seniors, line 9, "Enter the taxable part of your refund reported on your 2019 Schedule 1...," of HI WK_STR (HIN-11 State Tax Refund Worksheet) will now flow to HI WK_ADD (HIN-11 Additions Worksheet) as intended.

1040 Program Update 73

  • General program update.

Kentucky Update 26

  • Individual Package:
    • Due to KY decoupling from the federal CARES Act, amounts of excess business interest or excess loss from federal Form 461, Limitation on Business Losses, are now able to adjust the following lines on page 4 of KY Form 740-NP, Individual Income Tax Return Nonresident or Part-Year Resident:
      • Line 7, Column B, "Business income or loss"
      • Line 11, Column B, "Rents, royalties, partnerships, estates, trusts, etc."
      • Line 12, Column B, "Farm income or loss"
      • Line 16, Column B, "Other income"
      • Line 22, Column B, "Deductible part of self-employment tax"
      • Line 23, Column B, "Self-employed SEP, SIMPLE, and qualified plans deduction"
      • Line 24, Column B, "Self-employed health insurance deduction" 
      • Line 27, Column B, "IRA deduction"
    • EF Messages 2061 and 4652 no longer prevent KY Forms 740, Individual Income Tax Return Residents Only, and 740-NP, Individual Income Tax Return Nonresident or Part-Year Resident, from being e-filed when federal Form 1040-X, Amended U.S. Individual Income Tax Return, is attached to the return. 

Louisiana Update 21

  • Individual Package
    • The value of line 9, "Ratio of Louisiana Adjusted Gross Income to Federal Adjusted Gross Income," on page 2 of LA Form IT-540B-2D, Louisiana Nonresident and Part-Year Resident, will now be computed as 100% when federal AGI is zero and LA AGI is positive.

Montana Update 45

  • Individual Package:
    • The following forms have been updated and enabled for printing:
      • Form NOL, Montana Net Operating Loss (NOL) Schedules for Individuals, Estates, and Trusts
      • Form NOL Page 2, Class B NOL Carryback Schedule/Adjustments to Itemized Deductions
      • Form NOL Page 3, Itemized Deductions Limitation Worksheet 
      • Form NOL Page 4, Class A NOL Tracking Table
      • Form NOL Page 5, Class A/B NOL Carryover Determination Schedule 
      • Form NOL Page 6, Class B NOL Carryover Schedule 
    • The following screens have been added due to the CARES Act, accessible from the "General" tab of the MT Data Entry Menu.
      • NOLC, Class B NOL Carryback Schedule
      • IDLC, Itemized Deduction Limitation Worksheet

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