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17842: 2022.09.22 - Drake21 Updates


Drake21 Update Notes

2022.09.22 - Drake21 Updates

 

Arkansas Update 33

  • Fiduciary Package:
    • An update resolves an issue associated with AR Form AR1002F, Arkansas Fiduciary Income Tax Return, preventing reject " FIT2021-0011."
  • S Corporation Package:
    • An update prevents reject "DRKPARSE" on element "IncomeToApportion."

Arizona Update 44

  • Partnership Package:
    • "100%" is now the maximum allowed percentage in the "Arizona Apportionment Ratio" column of AZ Form 165 Schedule K-1 (NR), Arizona Nonresident and Out-of-State Partner's Share of Income and Deductions, preventing "DRKPARSE" on element "AZApprtnRatio."
  • Individual Package:
    • An update prevents reject "DRKPARSE" on element "FEDSchC" when:
      • A business code is entered on line 5b, "NAICS code shown on Schedule C," on AZ screen SB-1.
      • There is no Schedule C income.

Federal Program Update 39

  • A check box has been added to the "3486 cont'd" tab of screen 3468. When marked, energy credits on Form 3468 that are associated with active rental real estate entered on screen E with a PAN will flow to Worksheet 1 for Form 8582-CR, Lines 1a and 1b ("Wks CR1" in View/Print mode). Prior to this update, applicable amounts flowed only to Worksheet 2 ("Wks CR2"). Any previously filed returns that have an energy credit on Form 3468 associated with active rental real estate property on Schedule E should be reviewed for accuracy.

District of Columbia Update 26

  • Corporation and S Corporation Packages:
    • An update prevents reject "DRKPARSE" on element "TotalBeforeEliminations" on combined returns.

1041 Program Update 43

  • All guaranteed payments now flow to the Schedule K-1 worksheet as intended when there are multiple partnership Schedules K-1 that show guaranteed payments as income.

1040 Program Update 58

  • The Drake Tax Planner now uses the 2022 Social Security tax limit when computing Schedule SE for a 2022 scenario.

New York Update 31

  • S Corporation Package:
    • Return Note 31 is now generated when a PDF attachment is required for NY Form CT-34-SH, New York S Corporation Shareholders' Information Schedule instructions.
  • Partnership Package:
    • Line 47 a-f, "Total pass-through entity tax (PTET) paid for the 2021 tax year," on NY screen IP5 will now function as expected when an amount of zero ("0") is entered.
    • Return Note 100 is now generated when NY Form NY-204-IP, New York Partner's Schedule K-1, is present in the return.

Federal Program Update 50

  • General program update.

990 Program Update 33

  • Form 8941, Credit for Small Employer Health Insurance Premiums, can now be e-filed with Form 990-T, Exempt Organization Business Income Tax Return.

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