Supported Forms

The following Alabama forms are supported in Drake Tax 2023. Forms denoted with can be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
20C	Corporation Income Tax Return		P
20S	S Corporation Information/Tax Return		P	P
2210AL	Underpayment of Estimated Tax by Individuals	P	P	P
2220AL	Underpayment of Estimated Tax for Corporations	P	P	P
2848A	Power of Attorney and Declaration of Representative	P	P	P	P	P
40	Individual Income Tax Return Residents & Part-Year Residents	P	P	P	P	P
40ES	Estimated Income Tax Payment Voucher	P	P	P	P	P
40NR	Individual Income Tax Return Nonresidents Only	P	P	P	P	P
40V	Individual Income Tax Payment Voucher	P	P	P	P	P
41	Fiduciary Income Tax Return	P	P	P	P	P
4952A	Investment Interest Expense Deduction	P	P	P	P	P
65	Partnership/Limited Liability Company Return of Income	P	P	P	P	P
8821A	Tax Information Authorization	P	P	P	P	P
AL2106	Employee Business Expenses	P	P	P	P	P
AL4562	Depreciation and Amortization	P	P	P	P	P
AL8453	Individual Income Tax Declaration for Electronic Filing	P	P	P	P	P
AL8453-B	Business Privilege Tax Declaration for Electronic Filing	P	P	P	P	P
AL8453-C	Corporate Income Tax Declaration for Electronic Filing	P	P	P	P	P
AL8453-FDT	Fiduciary Income Tax Declaration for Electronic Filing	P	P	P	P	P
AL8453OL	Individual Income Tax Declaration for Online Filing	P	P	P	P	P
AL8453-PTE	S-Corporation/Partnership Income Tax Declaration for Electronic Filing	P	P	P	P	P
BIT-V	Business Income Tax Payment Voucher	P	P	P	P	P
BPT-IN	Alabama Business Privilege Tax Initial Privilege Tax Return	P	P	P	P	P
BPT-NW	Balance Sheet – Net Worth Computation	P	P	P	P	P
BPT-NWI	Balance Sheet – Net Worth Computation	P	P	P	P	P
BPT-V	Business Privilege Tax Payment Voucher	P	P	P	P	P
CPT	Alabama Business Privilege Tax Return and Annual Report	P	P	P	P	P
EOO	Taxpayer e-File Opt Out Election Form	P	P	P	P	P
EPT	Electing Pass-Through Entity Payment Return	P	P	P	P	P
FDT-V	Fiduciary Income Tax Payment Voucher	P	P	P	P	P
KRCC	Project/Distributing Entity Share of Capital Credit	P	P	P	P	P
NMC	Affordable Housing Member Consent Agreement	P	P	P	P	P
NOL-85	Computation of Net Operating Loss	P	P	P	P	P
NOL-85A	Net Operating Loss Carryback or Carryforward	P	P	P	P	P
NOL-F85	Computation of Net Operating Loss	P	P	P	P	P
NOL-F85A	Application of Net Operating Loss Carryback or Carryforward	P	P	P	P	P
PPT	Alabama Business Privilege Tax Return and Annual Report	P	P	P	P	P
PTE-C	Nonresident Composite Payment Return	P	P	P	P	P
PTE-R	Request for Relief of Composite Payment	P	P	P	P	P
PTE-V	Pass Through Entity Payment Voucher	P	P	P	P	P
Schedule A (40)	Itemized Deductions	P	P	P	P	P
Schedule A (40NR)	Itemized Deductions	P	P	P	P	P
Schedule AAC	Alabama Adoption Tax Credit	P	P	P	P	P
Schedule AATC	Alabama Accountability Tax Credit	P	P	P	P	P
Schedule AB (20C)	Add-Back Form	P	P	P	P	P
Schedule ATP	Additional Taxes & Penalties	P	P	P	P	P
Schedule B (40)	Interest and Dividend Income	P	P	P	P	P
Schedule B (40NR)	Interest and Dividend Income	P	P	P	P	P
Schedule B-1	Alabama Net Operating Loss Carryforward Acquisitions	P	P	P	P	P
Schedule BC (20C)	Business Credits	P	P	P	P	P
Schedule BPT-E	Family Limited Liability Entity Election Form	P	P	P	P	P
Schedule CP (40/40NR)	Composite Payments/Electing PTE Credits	P	P	P	P	P
Schedule CP-B	Composite Payments/Electing Pass-Through Entity Credits	P	P	P	P	P
Schedule CR	Credit for Taxes Paid to Other States	P	P	P	P	P
Schedule D (40)	Net Profit or Loss	P	P	P	P	P
Schedule D (40NR)	Profit from Sale of Real Estate, Stocks, Bonds, etc.	P	P	P	P	P
Schedule D (41)	Profit or Loss from Sales of Assets	P	P	P	P	P
Schedule DC (40)	Donation Check-Offs	P	P	P	P	P
Schedule DS (40/NR)	Dependents Schedule	P	P	P	P	P
Schedule E (40)	Supplemental Income and Loss	P	P	P	P	P
Schedule E (40NR)	Income from Rents, Royalties, Partnerships, Estates, Trusts, and S Corporations	P	P	P	P	P
Schedule E (41)	Supplemental Income and Loss	P	P	P	P	P
Schedule EPT-C (EPT)	Electing Pass-Through Credits	P	P	P	P	P
Schedule EPT-K1 (EPT)	Schedules of K-1 for Form EPT	P	P	P	P	P
Schedule ESBT (41)	Electing Small Business Trust	P	P	P	P	P
Schedule FC	Fiduciary Credits	P	P	P	P	P
Schedule FTI	Schedule of Adjustments to Federal Taxable Income	P	P	P	P	P
Schedule G	Financial Institution Group Computation Schedule	P	P	P	P	P
Schedule G (41)	Grantor Statement of Income, Deductions, and Other Items	P	P	P	P	P
Schedule HBC	First Time Second Chance Home Buyer Deduction	P	P	P	P	P
Schedule HOF (40/40NR)	Head of Family Schedule	P	P	P	P	P
Schedule K-1 (20S)	Shareholder’s Share of Income, Deductions, Credits, etc.	P	P	P	P	P
Schedule K-1 (41)	Grantor Statement of Income, Deductions, and Other Items	P	P	P	P	P
Schedule K-1 (65)	Owner’s Share of Income, Deductions, Credits, etc.	P	P	P	P	P
Schedule KRCC-B	Recipient’s Share of Capital Credit for Business Entities, Including Trusts	P	P	P	P	P
Schedule KRCC-I	Recipient’s Share of Capital Credit for Individual Taxpayers	P	P	P	P	P
Schedule NRA	Alabama S-Corporation Nonresident Agreement	P	P	P	P	P
Schedule NRA-R	Alabama Composite Payment Relief Nonresident Agreement	P	P	P	P	P
Schedule NRC-EXEMPT	Subchapter K Affidavit of Exemption by Nonresident	P	P	P	P	P
Schedule OC (40/40NR)	Other Available Credits	P	P	P	P	P
Schedule OZ	Gains Invested in Qualified Opportunity Zone Funds	P	P	P	P	P
Schedule PAB (20S/65)	Add-Back Form	P	P	P	P	P
Schedule PC (20S/65)	Pass-Through Credits	P	P	P	P	P
Schedule PTE-AJA	Alabama Jobs Act – Investment Credit (Form PTE-C)	P	P	P	P	P
Schedule PTE-CK1	Nonresident Composite Schedule K-1	P	P	P	P	P
Schedule QIP-C	Qualified Investment Partnership Certification	P	P	P	P	P
Schedule RS (40/40NR)	Retirement Schedule	P	P	P	P	P
Schedule W-2 (40/40A/40NR)	Wages, Salaries, Tips, etc.	P	P	P	P	P

Schedule Changes

• New – Schedule RS, Retirement Schedule

• Modified

  • Schedule BC, Business Credits

  • Schedule FC, Fiduciary Credits

  • Schedule OC, Other Available Credits

  • Schedule PC, Pass-Through Credits

• Obsolete – Schedule AL-CAR, Alabama Secretary of State Corporation Annual Report

Tax Law Changes

For taxable year 2024, taxpayers who would be subject to the minimum tax of $100 do not have a filing requirement (AL Act 2022-252 (amended section 40-14(A)-22)).