17116: 2021.02.19 - Drake20 Updates

Iowa Update 11

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • Page 2 of Form IA 102 , Amended Return Schedule, has been corrected, resolving the following parse error element 'FormIA102'.
• Individual Package:
  • Line 37, "Deduction," of Form IA 1040, Individual Income Tax Return, will now take itemized or standard deductions, based on which results in lower tax.
  • The overrides on lines 15-17 of IA screen A will now flow to the correct line on the form.
  • Return Note will now be generated if IA screen LN27 is not completed.
  • Line 6, "Share of gross income from farming or ranching," of Form IA 100A, Iowa Capital Grain Deductions - Cattle, Horses, or Breeding Livestock, will display the percentage, when applicable.
• S Corporation Package:
  • The "Federal K-1 Amount" on line 11 of IA 1120S Schedule K-1, now displays the correct value goin to the "Total deductions."
• Partnership Package:
  • Invalid characters will now be automatically removed from the partner' s first name and middle initial on Form IA 1065, allowing the return to be transmitted.

Maine Update 10

• Fiduciary Package:
  • Schedule NR (Form 1041ME), Income Schedule for Nonresident Estates and Trusts or Resident Estates and Trusts with Nonresident or "Safe Harbor" Resident Beneficiaries, will now be produced when the â€oeNonresident return†check box is selected on ME screen 1041.
  • An update resolves the following parse error element 'Sch2'.

Missouri Update 15

• Individual Package:
  • The correct total federal taxable Social Security amount will flow to Form MO-A, Part 3, Section B, line 2, when the return is for a part-year resident. Preventing reject MO1040-0022
  • EF Message 0064 now prevents EF reject MO1040-0020, caused when the preparer overrides the pension deduction for MO-1040, line 8, but no supporting value is present on Form MO-A, Part 3, Section E.
  • When a renter receives housing assistance, the tenant's rent paid amount from Form 5674, Verification of Rent Paid, will now flow to line 6, "Gross rent," of Form MO-CRP, Certification of Rent Paid.

1065 Update 13

• State-specific carryforward section 179 amounts will now be reported automatically on line 13, "Carryover of disallowed deduction to 2021," of the state worksheet 4562, Depreciation and Amortization, when no values have been entered in the "State (if different)" column on federal screen 4562.

New York Update 10

• Individual Package:
  • The credit carryover for Form IT-637, Alternative Fuels and Electronic Vehicle Recharging Property Credit, will now be generated on line 10, "Enter the carryover credit from last year's Form IT-637," when a carryover from a prior year is claimed.
  • Form IT-255, Claim for Solar Energy System Equipment Credit, will now be generated when there is a carryforward amount present from a prior year.
  • Form NYC-1127, Return for Nonresident Employees of New York City, has been approved for e-file by the NYC Department of Finance.
  • EF Message 2022 will no longer be generated to prevent e-file of Form NYC-1127.
  • When Form IT-216, Claim for Child and Dependent Care Credit, is present in the return along with other nonrefundable credits on Form IT-201-ATT, Other Tax Credits and Taxes, line 42, "Other NYS nonrefundable credits," will now be generated as intended on Forms IT-201, Resident Income Tax Return, and IT-201X, Amended Resident Income Tax Return, preventing reject "R0107 NYSnonrefundable credits not equal to the amount on IT-201-ATT."
• Corporation, S Corporation, and Partnership Packages:
  • EF Message 0654 will now be generated to indicate that NYC Business and General Corporation Tax returns are not available for e-file.
  • EF Message 2005 has been updated to reference "New York" (state) instead of "New York City" when Form IT-204, Partnership Return, is not available for e-file.

Ohio Update 12

• Individual Package:
  • An update prevents the message, "Unable to find entry for OH, OH1040 in file [Drake file name]; No returns will be selected for EF," when selecting returns from the EF Selector (EF > Select Return for EF) that includes OH Form IT-1040 with SD-100.

Oregon Update 7

• Individual Package:
  • OR local withholding will now be excluded from the taxes allowed on line 5 of Form OR-A, preventing reject OR-034: "Schedule OR-A, do not include Oregon income tax."
  • The following OR codes have been updated:
    • 311, Foreign tax subtraction maximum credit limits, by filing status
    • 324, subtraction for OR College & MFS 529 savings plan deposit carryforward
    • 809, Political contributions credit AGI limits
  • Tax rates on Married Filing Jointly returns and head of Household returns with a taxable income of $50,000 to $250,000, and on Single and Married Filing Separately returns with taxable income of $50,000 to $125,000, have been adjusted. Prior to this update, the calculated amount was incorrect by a small percentage, causing the amount of the tax to be off by a couple of dollars. The OR DoR has stated that its system automatically adjusts the returns during processing, so there is no need to amend these returns.
  • The program was updated to prevent negative additions to income, preventing e-file error (161,30): "The 'http://www.irs.gov/efile:AdditionAmount' element is invalid The value '-1500' is invalid according to its datatype 'http://www.irs.gov/efile:USAmountNNType' - Value '-1500' was either too large or too small for NonNegativeInteger."
• Individual and Corporation Packages:
  • Forms C-2020, Combined Tax Return for Corporations, Multnomah County, City of Portland, and Form SP-2020, Combined Tax Return for Individual, Multnomah County, City of Portland, have been approved for printing and filing. The banners disallowing use have been removed and the barcodes have been activated.
• All Packages:
  • Portland extension Form EXT was updated to the new 2020 format. 

Pennsylvania Update 10

• Form PA-41 Schedule D (Sale, Exchange or Disposition of Property) will now include the cost of land in the "Group Sale" section when data has been entered in the "Land cost" field on federal screen 4562.
• Individual Package - Philadelphia:
• Negative amounts will no longer be generated for line 13, "Credit from prior year overpayment or amount paid with extension coupon," of PA PHL Form SIT, School Income Tax.
• The Wage Tax Refund Petition Salary/Hourly Employees form (PA PH RPSE) will no longer be generated when the "Commission Employees" section is completed on PA screen PHEA.

1120S Update 13

• State-specific carryforward section 179 amounts will now be reported automatically on line 13, "Carryover of disallowed deduction to 2021," of the state worksheet 4562, Depreciation and Amortization, when no values have been entered in the "State (if different)" column on federal screen 4562.
• An override field for informational code AC, "Current year gross receipts for section 448(c)," has been added to the "Other Information" tab of federal screen K for box 17, "Other information," on Schedule K-1 (Form 1120-S).

Virginia Update 2

• Individual Package:
  • Form 760C, Underpayment of Virginia Estimated Tax by Individuals, Estates and Trusts, has been updated to the latest version and approved for filing.
  • EF Message 1100 has been added to the program to prevent reject "760PYINC-010."
  • A parse error for element "IRS1099R" has been resolved.
  • Form 760F, Underpayment of Virginia Estimated Tax by Farmers, Fishermen and Merchant Seamen, has been updated to the latest version and approved for filing; as a result, the watermark has been removed.
  • The following forms have been approved for printing by the VA DoR:
    • 760C, Underpayment of Estimated Tax by Individuals, Estates and Trusts
    • 760F, Underpayment of Estimated tax by Farmers, Fishermen and Merchant Seamen
    • VAWK_INC, Virginia Guideline Income Worksheet
• All Packages:
  • Form PAR 101, Power of Attorney and Declaration of Representative, has been updated to reflect changes made to the federal POA screen.

West Virginia Update 7

• Individual Package:
  • An update prevents e-file reject, IT-140-118, for an invalid name associated with the PDF attachment required when filing WV Schedule M with an amount on line 28.
• Fiduciary Package:
  • Form IT-141, WV Fiduciary Income Tax Return, has been approved for e-file.
• Corporation, S Corporation, and Partnership Packages:
  • The following forms have been approved by the WV Department of Revenue:
    • PTE-100, Income Tax Return S Corporation & Partnership (Pass-Through Entity)
    • PTE-100APT, Allocation and Apportionment For Multistate Businesses
    • IT-140 NRC, Nonresident Composite Return
    • PTE-100EXT, Extension of Time To File Information Returns
    • Schedule SP (PTE-100), Summary of K-1 Shareholders/Partners Ownership and Computation of Withholding Tax
    • PTE-100TC, Summary of Tax Credits
    • WV-PTEV, Income Tax for S Corporations and Partnerships
    • CIT-120, Corporation Net Income Tax Return
    • CIT-120APT, Allocation and Apportionment for Multistate Business
    • CIT-120TC, Summary of Corporation Net Income Tax Credits
    • CIT-120U, Underpayment of Estimated Tax Penalty
    • Schedule NOL (CIT-120), Net Operating Loss Carryforward Calculation
    • WV-CITV, Corp. Net Income Tax Electronic Payment Voucher
    • CIT-120EXT, Extension Corporation Net Income Tax Return
    • Schedule 1 (CIT-120), Separate Entity Filer West Virginia Corporations Wholly In WV
    • Schedule 2 (CIT-120), Separate Entity Filer with Multistate Activity
    • K-1C, Schedule of WV Partner/Shareholder/Member/Beneficiary/Information for Corporations Subject to Corporate Income Tax