17217: 2021.05.07 - Drake20 Updates

Arkansas Update 19

• Individual Package:
  • Line 18 of Form AR1000F, Arkansas Individual Income Tax Return, the "Taxable amount," no longer includes rollover amounts.
  • Line 32 of Form AR1000F, Arkansas Individual Income Tax Return, now includes 1% of the 5329 distribution, even if the federal distribution for early withdrawal on Form 1099-R is excluded.
  • EF Message 0281 for Form AR1055EX, referring to the 04-15-2021 deadline, has been removed.

Federal Update 27

• A Depreciation Detail Listing (DEPR - ST Schedule) is no longer produced if the resident state selected on federal screen 1 is "WA" (Washington).
• The "Donor's cost or adjusted basis" column in Section A, Part I, of Form 8283, Noncash Charitable Contributions, will no longer be blank if the donated property is a publicly traded security that was held by the donor for fewer than 12 months.

Colorado Update 16

• Individual Package:
  • The parse error on element 'NetAmountDue' has been corrected.

1041 Update 29

• Override fields now function as expected on all instances of Schedule E. Prior to this update, entries made in the "Override program calculation" column of screen E functioned on only the first instance of Schedule E.
• The Carryover Worksheet, a list of items that will carry over to next year's tax return, (Wks_CarryF), has been added to the 1041 package. Returns prepared prior to the addition of this worksheet will be updated correctly. This new form merely displays which values have been stored. No calculations are affected.

1040 Update 44

• Basis and at-risk limitations to the amount of charitable deductions flowing from Schedules K-1 are now properly reflected on line 10b, "Charitable contributions if you take the standard deduction," of federal Form 1040.
• Forcing the program to print Form 8962 no longer produces a Premium Tax Credit in a return that does not qualify for the credit due to the taxpayer's income being less than 100% of the poverty line.
• Certain Return Notes have been updated to assist with the preparation of Form 7202, Credits for Sick Leave and Family Leave for Certain Self- Employed Individuals.
• EF Message 5465 has been updated for clarity.
• Override fields now function as expected on all instances of Schedule E. Prior to this update, entries made in the "Override program calculation" column of screen E functioned on only the first instance of Schedule E.

Idaho Update 15

• Individual Package:
  • Line 18, "Farm Income," of the Idaho Filing Requirements (IDWK_REQ), has been updated to include data from line 7, "Gross farm rental income," of federal Form 4835, Farm Rental Income and Expenses.
  • Due to a provision in the CARES Act, Idaho loss from income with excessive business loans is now reported on the following locations:
    • Line 6, "Other additions," on Part A of Form 39R, Resident Supplemental Schedule
    • Line 4, "Other additions," on Part A of Form 39NR, Part-year Resident and Nonresident Supplemental Schedule

Illinois Update 23

• Individual Package:
  • Form IL-1310, Statement of Person Claiming Refund Due to a Deceased Taxpayer, is now produced automatically for IL resident returns that have information on federal screen 1310.
• Corporation Package:
  • Data will now flow to line 21, "Qtr. 4," columns H and I, of Form IL-2220, Computation of Penalties for Businesses, when there is a positive amount in column E, "Balance Due." 

Indiana Update 14

• Fiduciary Package:
  • Fiscal year dates entered on federal screen 1 now flow as intended to Form IT-41ES, Fiduciary Payment Voucher, for non-calendar year returns. 
• Individual Package:
  • Per recent Indiana updates, the following thresholds have been increased for IN EIC:
    • Line 15 of Worksheet 1, Investment Income, has increased to $3,650 
  • Line 17 of Worksheet 3, Modified AGI:
    • "2 or more qualifying children" has increased to $47,400
    • "1 qualifying child" has increased to $41,750
    • "No qualifying children" has increased to $15,820,
  • A parse error on element "SchINIncome" has been resolved for Schedule B (IT-40PNR), Add-Backs. 
  • The state of Indiana has conformed to the federal provision of the CARES Act regarding retirement distributions to the same extent as permitted for federal income tax purposes.
  • The IT-40/IT-40PNR Unemployment Compensation Worksheet for claiming the unemployment compensation tax deduction has been updated to the latest version.

Louisiana Update 18

• Individual Package
  • Line 9, "Ratio of Louisiana adjusted gross income to federal adjusted gross income," of Form IT-540B-2D, Louisiana Nonresident and Part-Year Resident, now equals 100% when line 7, "Federal adjusted gross income," equals "0" (zero) and line 8, "Louisiana adjusted gross income," is greater than zero.

Maryland Update 26

• Individual Package:
  • The taxpayer's daytime phone number no longer appears in the "Signature of Preparer" field on Form MD505, Nonresident Income Tax Return.
  • EF Message 0057 is no longer generated when a "Resident County (PA residents only)" is entered on MD screen 505, and the resident county now flows to the "Residence Information" section of Form 505, Nonresident Income Tax Return, as expected.
  • EF Message 0426 has been updated to reflect the extended due date of July 15, 2021.
• Corporation Package:
  • Form 500, Corporate Income Tax Return, has been updated to include line items in regards to new Form 500LU, Legislative Updates Addition/Subtraction Modifications.
  • Form 500LU, Legislative Updates Addition/Subtraction Modifications, is now available. MD screen LU has been added to the program to accommodate this form. 
• S Corporation and Partnership Packages:
  • Overrides entered on part C, "Subtractions," of MD screen SCHB now function as expected.
• Fiduciary Package:
  • The fiduciary phone number now appears as expected on Form 504, Fiduciary Income Tax Return.
• Individual, Corporation, S Corporation, and Partnership Packages:
  • The amount of pass-through entity tax paid by electing PTE can now be entered on MD screen CR8. Entries flow to the new Form 500LU, Legislative Updates Addition/Subtraction Modifications. 

Missouri Update 30

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The following forms have been updated:
    • 2827, Power of Attorney
    • MO-SHC, Self-Employed Health Insurance Tax Credit
    • MO-PTC, Property Tax Credit Claim
    • MO-PTS, Property Tax Credit Schedule

1065 Update 29

• General program update.

North Dakota Update

• Individual Package:
  • EF Message 0076 now prevents parse error, "QECFund has invalid child element 'Total Contribution,'" when additional information is needed on ND screen EF1, Endowment Fund Tax Credit. 
  • Line 5, column "B" of the ND-1 Amended worksheet (NDX_Wks) will now display the correct amount when the ND-1 NR Worksheet (ND1NR_WK) is present on an amended return.
  • Line 27, "Estimated tax paid on 2020 Forms ND-1ES," of Form ND-1, Individual Income Tax Return, now displays the correct amount flowing from federal screen ES for 2021.

New Mexico Update 9

• Individual Package:
  • Printing alignment has been updated for the mailing address on Form 41338, Personal Income Tax Taxpayer Waiver for Preparers Electronic Filing Requirement.

Oregon Update 18 

• Individual Package:
  • Specific payment amounts entered separately for the taxpayer and spouse, on federal screen STEX for cities "ORLTD" and "ORTM" now flow respectively to Forms OR-LTD-V, LTD Self-Employment Tax Payment Voucher, and OR-TM-V, TriMet Self-Employment Tax Payment Voucher. 

General Program Update 40

• General program update.

Pennsylvania Update 24

• Philadelphia
  • Individual Package:
    • Client result letters for Form PA BIRT, Philadelphia Business Income and Receipts Tax, returns now generate as intended when multiple federal income schedules are listed as belonging to the city of Philadelphia.
• Individual Package:
  • The payment amount is now rounded to the intended decimal place on Form PA-40 V, PA Payment Voucher, for amended PA-40 returns. 

1120 Update 30

• The non-cash charitable contribution limitation from federal Form 8283 has been updated to 10%. Prior to this update, contributions were calculated using a limitation of 25%. Returns including Form 8283 that have already been filed should be reviewed for accuracy.

1120S Update 28

• General program update.

990 Update 27

• An EF Message prevents rejects associated with a missing name and ID number of a parent corporation ('PrntCorporationNameControlTxt' and 'ParentCorporationEIN') on a Form 990-T return. (F990T-009)
• The printing margins for Statement of Program Service Accomplishments has been adjusted. Prior to this update, some words were printed on the border of the statement. 
• Form 4720 is now available, and the watermark has been removed.
• Form 4136, Credit for Federal Tax Paid on Fuels, is now available for e-file. Form 990T returns rejected with F990T-037 should be recalculated and resubmitted.

Utah Update 14

• Individual Package:
  • An update prevents reject "40_20_221": "TC-131 : Data Error : If the check box is marked then TC-131 is required and all fields must be filled out." 
  • An EF Message has been added, preventing reject "40_20_071": "TC-40 Page 2 Part 4 : Data Error : Code cannot exist more than once unless it is Code 05-row 1,2."
  • An EF Message has been added to prevent reject "DRKPARSE" for element "Contributions."
• Fiduciary Package:
  • An EF Message is now generated when lines 16, "Allowable deductions for estate or trust credit," or 17, "Initial credit before phase-out," of Form UTC-41, Utah Fiduciary Income Tax Return, are negative, preventing UT rejects "41_20_029" and "41_20_030."
  • An update corrects a rounding issue, preventing rejects "41_20_056" and "41_20_303."
  • An EF Message has been added, requiring a UT Schedule K-1 (TC-41K), Beneficiary's Share of Income, Deductions, and Credits, to be included with the return. This update prevents reject "DRKPARSE" for element "NumberK1sAttached."

Vermont Update 12

• Individual Package:
  • A parse error on the element 'SectionB' has been resolved for returns that include Form HS-122, Vermont Homestead Declaration and Property Tax Credit Claim, and the house site value is not entered on VT screen 122, Section B, line B4.
  • Form IN-152, Underpayment of 2020 Estimated Individual Tax, is now generated if the "To force Form IN-152 to print even if there is no penalty" check box is marked on VT screen PEN.
• Fiduciary Package:
  • The name of the fiduciary is now printed, as expected, in the header section of Form FIT-161, Vermont Fiduciary Return of Income.

Wisconsin Update 20

• Fiduciary Package:
  • The intended "Requested payment date" entered on federal screen PMT is now displayed on the transaction summary as intended. 
  • EF Message 1060 is no longer generated when at least one row on lines 11a-11d is filled in correctly on WI screen K1 and the remaining lines are blank.