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17211: 2021.04.29 - Drake20 Updates


Drake20 Update Notes

2021.04.29 - Drake20 Updates

 

Alabama Update 15

  • Individual Package:
    • AL Schedule A, Itemized Deductions for nonresident returns, has been updated so that line 18 will equal the total of lines 15, 16, and 17 when total contributions have been limited. This will prevent EF Message 0317 from being generated.
    • Return Note 98, containing information about payments made after 4/15/2021, but by 5/17/2021, is no longer generated. AL has waived interest on return payments made after 4/15 but by 5/17 for the 2021 tax year.
  • Partnership Package:
    • An issue where incomplete information was flowing from federal Form 8941 to the AL return, generating EF Message 0103, has been resolved. 
  • S Corporation Package:
    • EF Rejects SC-AL20S-002 and SC-AL20S-002 have been resolved on returns with 0% apportionment computed on page 3, Schedule C, of Form 20S, S Corporation Information Tax Return. 
    • EF Message 0140 prevents a parse error on element 'PersonData' when the individual shareholder's entire name is entered in the "First Name" field of federal screen K1E and no entry is made in the "Last Name" field. 
    • Values for loans to shareholders now flow from the federal return to line 8 of Worksheet BPTNW, Balance Sheet - Net Worth Computation for Form PPT, Business Privilege Tax, when the corporation's filing status is "S Corporation" or "LLE taxed as an S corporation."

Federal Update 26

  • A program update prevents parse errors associated with invalid data entered for the EIN on screen 8990. (ForeignEntityReferenceIdNum)

California Update 22

  • Individual Package:
    • An update prevents reject "DRKPARSE" for element "ZIPCode" when a nine-digit ZIP code is entered on CA screen ADDR and Form 540 2EZ, California Resident Income Tax Return, is included in the return. 
    • Return Note 083, stating that dependents with ATINs will be skipped for the EIC calculation, will now be generated when an ATIN is entered for a dependent on federal screen 2, preventing reject "F3514-020."
    • EF Message 0222 has been added to the program and will now be generated when an amount in the "Everywhere" column on CA screen SCHR is greater than an amount in the "California" column on the same line and Schedule R, Apportionment and Allocation of Income, is included in the return, preventing reject "DRKPARSE" on element "ApportionmentPercentage.
    • An update prevents reject "DRKPARSE" for element "StreetAddress" when a street address of 35 characters is entered on federal screen 1 and Form 593, Real Estate Withholding Statement, is included in the return.
    • An update prevents reject "DRKPARSE" for element "OtherExpenses" when a negative amount is entered for "Other expenses" in the "For State Use Only" section of federal screen A. 
    • An update prevents reject "DRKPARSE" for element "FederalNOL" when a negative amount is entered in column C, "Additions," on line C, "Federal NOL from federal Schedule 1," via the "Line 8 detail" tab of CA screen CA.
    • EF Message 0219 will now be generated when a custody percentage exceeding 100% is entered in the "State codes" field on federal screen 2, preventing reject "DRKPARSE" for element "PhysicalCustodyPercent." 
    • The LLC's name and number will now display as expected at the top of the Single Member LLC Other Deductions Attachment ("CASM_DED"). 
  • Corporation Package: 
    • EF Message 7504 has been added to the program and will now be generated when a final return type has been selected on line D of CA screen 199 but no date has been entered, preventing reject "F199-070."
  • S Corporation Package:
    • An update prevents reject "DRKPARSE" for element "IdNumber" when an option is selected from the "No CA number" drop list on CA screen 100S and there is entry for "CA SOS Number." 
    • EF Message 2691 has been added to the program and will now be generated when an invalid "Final return" date is entered on CA screen SCHQ, preventing reject "DRKPARSE" for element "DispositionDate."
  • Corporation and S Corporation Packages:
    • EF Message 2574 has been added to the program and will now be generated when the "Requested payment date" on federal screen PMT is more than one year ahead of the current date, preventing reject "PMT-050."
  • Partnership Package:
    • EF Message 0214 has been added to the program and will now be generated when an override has been entered on line 9, "Total losses from Schedule D-1, line 17," of CA screen B and no Schedule D-1, Sales of Business Property, is included in the return, preventing reject "F568-190." 
  • Fiduciary Package: 
    • EF Message 0094 has been added to the program and will now be generated when an invalid credit type is entered on line 23 of CA screen 541, preventing reject "DRKPARSE" for element "CreditCode." 
    • An update prevents reject "DRKPARSE" for element "SSN" when an ID number of "APPLD FOR" is entered on federal screen K1. 
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • An override field for "Amount withheld from this Seller/Transferor" has been added to CA screen 593. 
    • EF Message 0217 will now be generated when an "Ownership Percentage" greater than 100% is entered on CA screen 593, preventing reject "DRKPARSE" on element "OwnershipPercentage." 
    • EF Message 0159 will now be generated when the "Annual Form" check box is marked on line B of CA screen 3840 but no year has been entered, preventing reject "DRKPARSE" for element "AnnualReturn." 
    • EF Message 0218 has been added to the program and will now be generated when data is missing on the Part 1 - Properties Given Up screen (accessed via the link on CA screen 3840), preventing reject "DRKPARSE" for element "Description." 
  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • EF Message 2006 has been added to the program and will now be generated when information is entered on federal screen PREP but there is no entry for "Firm name," preventing reject "DRKPARSE" for element "PreparerFirm." 

Connecticut Update 9

  • Individual Package
    • A parse error on 'TaxDue' has been resolved on Form CT-1040NR/PY, Connecticut Nonresident and Part-year Resident Income Tax Return. 

1040 Update 43

  • The amount of qualified dividends on line 2b of federal Form 8814, Parent's Election to Report Child's Interest and Dividends, will now be limited to 100% of the amount of ordinary dividends on line 2a. 
  • An issue occurring where the Taxable Part of the IRA distribution worksheet, WK_86063, was being used unnecessarily in certain situations, has been corrected. If a previously filed return had a Roth conversion and nondeductible Traditional IRA contributions, the return should be reviewed for accuracy. 
  • An update prevents reject FYPMT-072-01 for TX, LA, and OK filers affected by the winter storms in February. The IRS has adjusted business rules to not allow scheduled payments beyond May 17, 2021. 
  • The Schedule D Tax Worksheet will now be generated for capital gains and qualified dividends for Form 8615 when entries are present for lines 4g and 4e of Form 4952. Prior to this update the Qualified Dividends and Capital Gains Tax Worksheet was being produced.

Minnesota Update 14

  • Individual, S Corporation, and Partnership Packages:
    • The following forms have been updated to the latest version, allowing Section 179 additions:
      • Schedule M1M, Income Additions and Subtractions
      • Schedule KPI, Partner's Share of Income, Credits, and Modifications 
      • Schedule KS, Shareholder's Share of Income, Credits, and Modifications 
    • Line 4, "179 expense for property placed in service in a fiscal year beginning before 1/1/20," has been added to MN screens KPI and KS. 
  • Individual Package:
    • EF Message 0143 will now be generated when a negative value has been entered on line 14, "Modification of business interest limitation," of MN screen 1NC, preventing reject "DRKPARSE" on element "FederalAdjAmt." 

Missouri Update 29

  • Individual Package:
    • EF Messages 0073 and 0074 have been added to the program and will now be generated respectively when the spouse has an amount for total additions or subtractions on Form MO-A, Individual Income Tax Adjustments, and the return status is not Married Filing Combined, preventing reject "MO1040-0013." 
  • Individual Package - Kansas City:
    • The intended starting residency date for part-year residents will now be displayed on section B, "Resident/Nonresident Status" of Form RD- 109NR, Wage Earner Return Earnings Tax Nonresident Schedule, when a residency ending date is on the 29th day of a month.
  • S Corporation Package:
    • EF Message 0039 has been added to the program and will now be generated when an amount in column (c), "MO-MSS %," of Form MO-NRS, S Corporation Nonresident Form, exceeds 100%, preventing reject "DRKPARSE" for element "MOShareRatio."

Montana Update 21

  • Individual Package:
    • When the filing status is Married Filing Jointly, then the correct limitation of $10,000 for line 5 of the Itemized Deduction Schedule is now generated, preventing EF reject "Form2-E044." 

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