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Drake20 Update Notes
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17372: 2021.09.21 - Drake20 Updates
17372: 2021.09.21 - Drake20 Updates
3 Years Ago
Drake20 Update Notes
2021.09.21 - Drake20 Updates
Arizona Update 42
Individual Package:
Line 3 of Form 204E, Individual Extension, no longer doubles the amount of overpayment applied to the next year if an amount has been entered on federal screen ES.
S Corporation Package:
"0" (zeros) will now be printed on lines A1c, A2, and A3f, when applicable, on Schedule A, "Apportionment Formula," of Form 120S, Arizona S Corporation Income Tax Return, preventing reject 2050.
If using "Standard" apportionment (line A of Form 120S), then lines A1c, A2, and A3f cannot be blank.
Maryland Update 39
All Packages:
Two new lines and calculations were added to Section D of MD screen MDK1 to correspond to new lines added to MD Schedule K-1:
2. Nonresident/Resident tax paid from this PTE (Form 511)
4. Nonresident/Resident tax paid from other PTE (Form 511)
S Corporation Package:
Calculations of MD Schedule K-1, Pass-Through Entity Member's Information, Section D, "Nonresident/Resident Tax," line 2 and line 4, have been updated for instances when the pass-through entity has only one resident member and is filing Form 511, Maryland Pass-Through Entity Election Income Tax Return.
S Corporation and Partnership Packages:
The program now excludes tax-exempt organizations when calculating member's tax paid by the pass-through entity.
Two new lines and calculations were added to Section D of MD screen SCHB to correspond to new lines added to MD Schedule K-1:
2. Nonresident/Resident tax paid from this PTE (Form 511)
4. Nonresident/Resident tax paid from other PTE (Form 511)
Missouri Update 38
Individual, Corporation, S Corporation, and Partnership Packages:
When "AS" is selected as a foreign address on federal screen 1, Drake Tax now recognizes this as "Australia," and not as American Samoa, making Form RD-108, Kansas City Profits Return, ineligible for e-file.
Montana Update 29
Corporation Package:
When either line 2h, "Federal capital loss carry over utilized on federal return," or line 3f, "Capital loss incurred in current year," of Form CIT has a value, then federal Schedule D will now be available for inclusion with the return by clicking the "Attach PDF" icon in View/Print mode. When there is no PDF created for Schedule D, EF Message 1097 will be generated.
Line 3f, "Capital loss incurred in the current year," will work as a direct-entry field for only MT capital losses not taken on federal Schedule D.
Corporation, Individual, Partnership, and S Corporation Packages:
EF Message 0145 now prevents the word, "VARIOUS," from being entered for "Date of purchase," on MT screen RCYL, preventing reject "DARKPARSE" for the element "EquipDatePurchaseMTOnly."
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