17210: 2021.04.28 - Drake20 Updates

Arizona Update 29

• Individual Package:
  • A program update prevents a parse error on the 'NumMonthsLived' element on Form 140PTC, Property Tax Refund (Credit) Claim.

Federal Update 25

• An update prevents rejects caused when only the Small Employer Auto-Enrollment Credit is claimed on federal Form 8881, Credit for Small Employer Pension Plan Startup Costs and Auto-Enrollment. 

Colorado Update 15

• Individual Package
  • Form 900V, Individual Income Tax Payment Form, will now be generated when a balance due is present on Form DR 0104X, Amended Colorado Individual Income Tax Return. 
  • The payment date for the first-quarter 2022 voucher will now be January 14, 2022, preventing a reject for failing to comply with CO Business Rule Number 20-104-054, which disallows e-file past January 16, 2022.
  • The percentage on Line 34 of Form DR 0104PN, Part-Year Resident/Nonresident Tax Calculation Schedule, will no longer be limited to 10,000%. 
• All Packages:
  • An update allows taxpayers to claim any portion of the total credit amount allowed under CO for Form DR 0617, Innovative Motor Vehicle Credit and Truck Credits, by using the following override fields: 
    • Individual Package: Line 26 of CO screen 1
    • Corporation Package: Line 30 of CO screen 2
    • S Corporation and Partnership Packages: Line 29 of CO screen CR2
    • Fiduciary Package: Line 22 of CO screen 105

1041 Update 28

• General program update.

1040 Update 42

• EF Message 5673 will now be generated when invalid characters are entered in the "City" field from Setup > Firm(s), preventing reject "DRKPARSE." (CityNm)
• The FAFSA worksheet now includes amounts from line 15 of Schedule 1 (Form 1040) on the line for IRA deductions and payments to SEP, SIMPLE, and other qualified plans.
• The Section 121 exclusion and 1250 gain will now automatically flow to Form 8949/Schedule D when the HOME screen is used and prior depreciation was taken on the home.
• An update prevents rejects caused when line 9, "Enter your modified adjusted gross income," of federal Form 8815, Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989, is less than "0" (zero).
• The intended amount of deductible health insurance premiums will now flow to federal Schedule A when Form 8962 is forced to print using the PRNT screen and the "If not claiming the SEHI deduction, carry all premiums from Form 8962 to Schedule A net of credit" check box is marked on federal screen 95A. Prior to this update, if Form 8962 was not required but was being produced because it was forced to print, the amount of insurance premiums from Form 8962 was doubled. 
• The estimated tax penalty will now be considered on the "Tax Return Comparison" worksheet when the balance due from prior years is calculated and entered on the COMP screen. 
• Forms 5471 and 8992 are now available, and the watermarks have been removed.

Kentucky Update 20

• Partnership Package:
  • An update prevents reject "DARKPARSE" for element "MethodAndConvention" when "200DB" is selected from the "Method" drop list on federal screen 4562. 
• Individual Package:
  • An update prevents reject "DRKPARSE" for element "OtherMiscExpDesc."
  • An update prevents reject "DRKPARSE" on element "FormPTEWH." 
  • An update prevents reject "F725-0019": "If Form 725, Schedule Q, question 4, 'Yes' box is checked, then a completed Schedule DE must be attached."
• Corporation Package:
  • EF Message 0117 will now be generated when an amount is reported on either line 28, "Gain from Form 4797," or 29, "Loss from Kentucky Form 4797," on Part I of Form 720, Kentucky Corporation Income Tax and LLET Return, preventing reject "F720-0080." 

Maryland Update 25

• Individual Package:
  • The threshold for subtracting the amount of MD unemployment benefits included in federal adjusted gross income (FAGI) has been updated to be any amount that exceeds $100,000 for Head of Household filers.
  • Amounts entered in box 2, "State/local tax refunds/credits," on federal screen 99G will now be considered in the calculation of the subtraction of MD unemployment benefits included in federal adjusted gross income (FAGI).
  • Entries in the "Other income" fields of federal screen 3 and labeled "UCE" will now be considered in the calculation for the subtraction of MD unemployment benefits included in federal adjusted gross income (FAGI). Prior to the update, only amounts calculated on the federal exclusion worksheet were being considered. 
• S Corporation and Partnership Packages:
  • An update prevents reject DRKPARSE with the element 'Address' when no province has been entered as part of the foreign address of a partner or shareholder. 

1065 Update 28

• Form 5471 is now available, and the watermark has been removed. 

Nebraska Update 14

• S Corporation Package:
  • Values in column G, "Nebraska Income Tax Withholding Amount," of Schedule II (1120-SN), Shareholder's Share of Nebraska Income, will now match the amount on line 21, "Nebraska income tax withheld," of Schedule K-1N (1120-SN), Shareholder's Share of Income, Deductions, Modifications, and Credits, for nonresident shareholders.

New York Update 26

• Individual Package:
  • When code H, "Direct rollover to Roth IRA" is selected as the distribution code in box 7 of federal screen 1099, the program no longer requires Form 8606 to be included in the tax return for the purposes of calculating the pension exclusion for NY. Prior to this update, federal Form 8606 was required when code H was selected for the correct amount to be generated on worksheet NY_PNSN.
• Fiduciary Package:
  • The "Yonkers-Full-year nonresident" check box has been removed from NY screen 1. For clarity, screen text has been added onto this same screen. The "Yonkers full-year nonresident estate/trust" box on line C-8 of Schedule C of Form IT-205, Fiduciary Income Tax Return, will be marked on the form automatically unless the boxes "Yonkers-Full-year resident" or "Yonkers-Part-year resident" have been selected on NY screen 1. 

Oklahoma Update 12

• Partnership Package:
  • The sum of values on line 12, "Amount of Withholding," on Part 5 of Form 514, Oklahoma Partnership Income Tax Return, will now flow as intended to line 7, "Oklahoma withholding," on Part 1 of Form 514 when the "Electing PTE" check box is marked on OK screen 514.

General Program Update 39

• General program update.

Pennsylvania Update 22

• Individual Package:
  • The extended due date of 05/17/2021 for PA Local returns will now be reflected in the form instructions and client result letter.
  • Spouse income on line 2, "Tax-exempt interest income," of Schedule A (PA-40), PA Taxable Interest Income, will now be rounded to the intended decimal place when "J" is selected from the "TSJ" drop list on federal screen DIV.
• S Corporation Package:
  • The instructions and client result letter associated with Form RCT-101, PA Corporate Net Income Tax Report, have been updated to reflect the extended due date of 05/17/2021. 
• S Corporation and Partnership Packages:
  • EF Message 0050 has been added to the program and will now be generated when an invalid "PA S corporation account ID" is entered on PA screen 1, preventing reject "8." 
• Individual, Corporation, S Corporation, and Partnership Packages:
  • EF Message 1133 will no longer be generated when, for City of Philadelphia BIRT, Business Income & Receipts Tax, returns with a balance due being paid using direct debit, the "Requested payment date" on federal screen PMT is the current date.
• Individual, S Corporation, and Partnership Packages:
  • EF Message 1193 will no longer be generated when, for City of Philadelphia NPT, Net Profits Tax, returns with a balance due being paid using direct debit, the "Requested payment date" on federal screen PMT is the current date.
• Fiduciary Package:
  • The "ERO's signature" line on Form 8879F, Pennsylvania e-File Signature Authorization for PA-41, will now be blank when an "ERO PIN" is entered on federal screen PIN and direct debit is the method of payment.

1120 Update 28

• Forms 5471, 8992, and 8993 are now available, and the watermarks have been removed.

1120S Update 27

• Form 5471 is now available, and the watermark has been removed. 

990 Update 25

• Forms 5471 and 8992 are now available, and the watermarks have been removed.

Tennessee Update 12

• Corporation Package:
  • Form FAE 170, Tennessee Franchise and Excise Tax Return, may now be selected for e-file when the federal return is an 1120-C, U.S. Income Tax Return for Cooperative Associations, or 1120-H, U.S. Income Tax Return for Homeowners Associations, return that is not eligible for federal e- file selection.