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17393: 2021.10.07 - Drake20 Updates


Drake20 Update Notes

2021.10.07 - Drake20 Updates

 

1040 Program Update 58

  • Data from Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts, is no longer printed on Form 2848, Power of Attorney and Declaration of Representative.

1120 Program Update 40

  • General program update.

1120S Program Update 37

  • General program update.

1065 Program Update 39

  • General program update.

990 Program Update 38

  • General program update.

North Dakota Update 19

  • Individual Package:
    • Line 27, "Estimated tax paid on 2020 Forms ND-1ES and ND-1EXT," of Form ND-1, Individual Income Tax Return, is now calculated as expected, combining all ND amounts from the "2020 Estimated Taxes Already Paid for this Year" section of federal screen ES and ND values entered on federal screen STX2.
  • Fiduciary Package:
    • Data entered in the "Amount paid with extension" field on ND screen EXT is no longer doubled on line 9, "Estimated tax paid on 2020 Forms 38-ES and 38-EXT," of Form 38, Fiduciary Income Tax Return.

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