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Drake21 Update Notes
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17795: 2022.08.05 - Drake21 Updates
17795: 2022.08.05 - Drake21 Updates
2 Years Ago
Drake21 Update Notes
2022.08.05 - Drake21 Updates
Connecticut Update 18
Individual Package:
Data entered for line 2, "Taxable interest income," in the "Part Year" column on CT screen AWSI will now flow as intended to line 2 of Schedule CT-SI, Nonresident or Part-Year Resident Schedule of Income From Connecticut Sources.
S Corporation and Partnership Packages:
Data entered for line 5b, "Interest," on Part I, Schedule A of CT screen 1 will now flow as intended to line 5b, Part 1, Schedule A of Form CT-1065/CT-1120SI, Connecticut Pass-Through Entity Tax Return. Prior to this update, amounts entered on line 5b flowed to line 5c.
1120 Program Update 36
The intended amount is now used for line 16, "Net operating loss deduction," on the Contribution Limit/Carryover Worksheet ("Wks Contribution" in View/Print mode). Prior to this update, line 16 was calculated using an NOL deduction of 80% instead of either 80% or 100% (depending on the year of the deduction). Returns with an amount on line 16 should be reviewed for accuracy.
990 Program Update 31
Applicable information related to Form 4720 is now generated on Form 8879-TE, IRS e-File Signature Authorization for a Tax Exempt Entity, when "4720" is selected on screen EF.
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