Drake Tax – 2024 Form Availability and Tax Changes: Alabama

Article #: 20002

Last Updated: January 31, 2025

 

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Supported Forms

The following Alabama forms are supported in Drake Tax 2024. Forms denoted with e-Sign icon can be e-signed.

Note  Dates shown below are estimates based on the most up-to-date information currently available to Drake Software.

We are committed to meeting or exceeding the delivery dates listed; however, there may be additional factors that could impact the final date. The chart will be updated as new information becomes available.

Chart key:

t Form is supported in the indicated return type.

P Form is available for e-file / paper file.

r Form is not supported for e-file / paper file.

MM/DD Estimated availability date. Note that the date may differ for e-file vs. paper-file, and in some cases, e-filing may be approved before paper-filing or vice versa.

See Drake Tax - Do Not Mail Watermarks, Banners, EF Message 0001, Note 129 for more information about the notes, EF Messages, or watermarks that are generated during the approval process.

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AL Forms
Form Description IND CRP SCRP PTR FID e-File Paper File
20C Corporation Income Tax Return   t       P P
20S S Corporation Information/Tax Return     t     P P
2210AL Underpayment of Estimated Tax by Individuals t         r P
2220AL Underpayment of Estimated Tax for Corporations   t t     r P
2848A Power of Attorney and Declaration of Representative t t t t t r P
40 Individual Income Tax Return Residents & Part-Year Residents t         P P
40ES Estimated Income Tax Payment Voucher t         r P
40NR Individual Income Tax Return Nonresidents Only t         P P
40V Individual Income Tax Payment Voucher t         r P
41 Fiduciary Income Tax Return         t P P
4952A Investment Interest Expense Deduction t       t P P
65 Partnership/Limited Liability Company Return of Income       t   P P
8821A Tax Information Authorization t         r P
AL2106 Employee Business Expenses t         r P
AL4562 Depreciation and Amortization t t t t t r P
AL8453e-Sign icon Individual Income Tax Declaration for Electronic Filing t         r P
AL8453-Be-Sign icon Business Privilege Tax Declaration for Electronic Filing t t t t   r P
AL8453-Ce-Sign icon Corporate Income Tax Declaration for Electronic Filing   t       r P
AL8453-FDTe-Sign icon Fiduciary Income Tax Declaration for Electronic Filing         t r P
AL8453OL Individual Income Tax Declaration for Online Filing t         r P
AL8453-PTEe-Sign icon S-Corporation/Partnership Income Tax Declaration for Electronic Filing     t t   r P
BIT-V Business Income Tax Payment Voucher   t       r P
BPT-IN Alabama Business Privilege Tax Initial Privilege Tax Return t t t t t r P
BPT-NW Balance Sheet – Net Worth Computation   t t t   P P
BPT-NWI Balance Sheet – Net Worth Computation t       t P P
BPT-V Business Privilege Tax Payment Voucher t t t t t r P
CPT Alabama Business Privilege Tax Return and Annual Report   t       P P
EOO Taxpayer e-File Opt Out Election Form t         r P
EPT Electing Pass-Through Entity Payment Return     t t   P P
FDT-V Fiduciary Income Tax Payment Voucher           r P
KRCC Project/Distributing Entity Share of Capital Credit     t t t P P
NMC Affordable Housing Member Consent Agreement       t   P P
NOL-85 Computation of Net Operating Loss t         P P
NOL-85A Net Operating Loss Carryback or Carryforward t         P P
NOL-F85 Computation of Net Operating Loss         t P P
NOL-F85A Application of Net Operating Loss Carryback or Carryforward         t P P
PPT Alabama Business Privilege Tax Return and Annual Report t   t t t P P
PTE-C Nonresident Composite Payment Return     t t   P P
PTE-R Request for Relief of Composite Payment       t   r P
PTE-V Pass Through Entity Payment Voucher     t t   r P
Schedule A (40) Itemized Deductions t         P P
Schedule A (40NR) Itemized Deductions t         P P
Schedule AAC Alabama Adoption Tax Credit t         P P
Schedule AATC Alabama Accountability Tax Credit t         P P
Schedule AB (20C) Add-Back Form   t       P P
Schedule ATP Additional Taxes & Penalties t         P P
Schedule B (40) Interest and Dividend Income t         P P
Schedule B (40NR) Interest and Dividend Income t         P P
Schedule B-1 Alabama Net Operating Loss Carryforward Acquisitions   t       P P
Schedule BC (20C) Business Credits   t       P P
Schedule BPT-E Family Limited Liability Entity Election Form       t   P P
Schedule CP (40/40NR) Composite Payments/Electing PTE Credits t         P P
Schedule CP-B Composite Payments/Electing Pass-Through Entity Credits   t t t t P P
Schedule CR Credit for Taxes Paid to Other States t         P P
Schedule D (40) Net Profit or Loss t         P P
Schedule D (40NR) Profit from Sale of Real Estate, Stocks, Bonds, etc. t         P P
Schedule D (41) Profit or Loss from Sales of Assets           P P
Schedule DC (40) Donation Check-Offs t         P P
Schedule DS (40/NR) Dependents Schedule t         P P
Schedule E (40) Supplemental Income and Loss t         P P
Schedule E (40NR) Income from Rents, Royalties, Partnerships, Estates, Trusts, and S Corporations t         P P
Schedule E (41) Supplemental Income and Loss         t P P
Schedule EPT-C (EPT) Electing Pass-Through Credits     t t   P P
Schedule EPT-K1 (EPT) Schedules of K-1 for Form EPT     t t   P P
Schedule ESBT (41) Electing Small Business Trust         t P P
Schedule FC Fiduciary Credits         t P P
Schedule FTI Schedule of Adjustments to Federal Taxable Income   t       P P
Schedule G Financial Institution Group Computation Schedule   t       P P
Schedule G (41) Grantor Statement of Income, Deductions, and Other Items         t P P
Schedule HBC First Time Second Chance Home Buyer Deduction t         P P
Schedule HOF (40/40NR) Head of Family Schedule t         P P
Schedule K-1 (20S) Shareholder’s Share of Income, Deductions, Credits, etc.     t     P P
Schedule K-1 (41) Grantor Statement of Income, Deductions, and Other Items         t P P
Schedule K-1 (65) Owner’s Share of Income, Deductions, Credits, etc.       t   P P
Schedule KRCC-B Recipient’s Share of Capital Credit for Business Entities, Including Trusts   t     t P P
Schedule KRCC-I Recipient’s Share of Capital Credit for Individual Taxpayers t         P P
Schedule NRA Alabama S-Corporation Nonresident Agreement     t     P P
Schedule NRA-R Alabama Composite Payment Relief Nonresident Agreement t t t t t P P
Schedule NRC-EXEMPT Subchapter K Affidavit of Exemption by Nonresident t t t t t P P
Schedule OC (40/40NR) Other Available Credits t         P P
Schedule OZ Gains Invested in Qualified Opportunity Zone Funds   t t     P P
Schedule PAB (20S/65) Add-Back Form     t t   P P
Schedule PC (20S/65) Pass-Through Credits     t t   P P
Schedule PTE-AJA Alabama Jobs Act – Investment Credit (Form PTE-C)     t t   P P
Schedule PTE-CK1 Nonresident Composite Schedule K-1 t t t t t P P
Schedule QIP-C Qualified Investment Partnership Certification       t   P P
Schedule RS (40/40NR) Retirement Schedule t         P P
Schedule W-2 (40/40A/40NR) Wages, Salaries, Tips, etc. t         P P

Modified Schedules

The following schedules have been modified for tax year 2024:

  • Schedule BC, Business Credits

  • Schedule FC, Fiduciary Credits

  • Schedule OC, Other Available Credits

  • Schedule PC, Pass-Through Credits

  • AL 8453 is now two pages.

Obsolete Schedule

Schedule AL-CAR, Alabama Secretary of State Corporation Annual Report, is now obsolete.

Tax Law Changes

For taxable year 2025, 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)).