17368: 2021.09.15 - Drake20 Updates

Arizona Update 41

• Partnership Package:
  • The intended partner's portion of the partnership's research and development credit is now generated on line 4 of AZ Form 308-P, Credit for Increased Research Activities - Distribution to Partners of a Partnership.
  • An update prevents reject "DRKPARSE" for elements "TotCompToEmp" and "TotOwndAndRentProp."
    
• S Corporation Package:
  • Zeros are now generated as necessary in column C on Schedule A, page 2, of AZ Form 120S, Arizona S Corporation Income Tax Return, preventing reject "2050."
• Corporation Package:
  • Data entered for "Schedule C - Explanation of Changes" on AZ screen X now flows as intended to Schedule C of AZ Form 120X, Arizona Amended Corporation Income Tax Return.

Federal Update 36

• General program update.
  

Indiana Update 18

• Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • The Indiana Corporate AGI Tax Rate Worksheet now uses the intended start date of July 1, 2021 for the 4.9% rate. Prior to this update, the 4.9% rate was calculated beginning June 1, 2021.

1065 Update 38

• An override field has been added to screen 6765 that permits the preparer to enter a member of a controlled group's proportionate share of the credit on line 17 or 34 of Form 6765 (whichever applies). The corresponding required statement is now available in the "Type of attachment/statement..." drop list on screen SCH.
  

New Mexico Update 13

• S-Corporation, Partnership, and Fiduciary Packages:
  • Printing alignment has been updated for SSNs and FEINs in the "Owner's federal identification number" section of NM Form RPD-41359, Annual Statement of Pass-Through Entity Withholding.
    

General Update 51

• A statement for "Shares of Credit For Controlled Groups," associated with Form 6765, has been added to Setup > Pricing, item number 1682, in the 1065 package.