Supported Forms

The following North Carolina forms are supported in Drake Tax 2024. NC forms cannot be e-signed.

Form	Description	IND	CRP	SCRP	PTR	FID
CD-401S	S Corporation Tax Return			t
CD-405	C Corporation Tax Return		t
CD-419	Application for Franchise/Corporate Income Tax Extension		t	t
CD-425	Corporate Tax Credit Summary		t	t
CD-429	Corporate Estimated Income Tax		t	t
CD-429PTE	Taxed S Corporation Estimated Income Tax			t
CD-V	Corporate Income/Franchise Tax Payment Voucher		t	t
CD-V Amended	Amended Corporation Income/Franchise Tax Payment Voucher		t	t
D-400	Individual Income Tax Return	t
D-400TC	Individual Income Tax Credits	t
D-400V	Individual Income Payment Voucher	t
D-400V Amended	Amended Individual Income Payment Voucher	t
D-403	Partnership Income Tax Return				t
D-403 NC-NPA	Nonresident Partner Affirmation				t
D-403TC	Partnership Tax Credit Summary				t
D-403V	Partnership Income Payment Voucher				t
D-403V Amended	Amended Partnership Income Payment Voucher				t
D-407	Estates and Trusts Income Tax Return					t
D-407TC	Estates and Trusts Tax Credit Summary					t
D-407V	Estates and Trust Payment Voucher					t
D-407V Amended	Amended Estates and Trust Payment Voucher					t
D-410	Application for Extension for Filing Individual Income Tax Return	t
D-410P	Application for Extension for Filing Partnership, Estate, or Trust Tax Return				t	t
D-422	Underpayment of Estimated Tax by Individuals	t
D-422A	Annualized Income Installment Worksheet	t
GEN-58	Power of Attorney and Declaration of Representative	t	t	t	t	t
NC K-1 (CD-401S)	Shareholder’s Share of N.C. Income, Adjustments, and Credits			t
NC K-1 (D-403)	Partner’s Share of N.C. Income, Adjustments, and Credits				t
NC K-1 (D-407)	Beneficiary's Share of North Carolina Income, Adjustments, and Credits					t
NC K-1 Supplemental Schedule	Owner or Beneficiary's Share of N.C. Additions and Deductions			t	t	t
NC-14	Notice of Contingent Event or Request to Extend Statute of Limitations	t	t	t
NC-40	Individual Estimated Income Tax	t
NC-40 PTE	Taxed Partnership Estimated Income Tax				t
NC4562	Depreciation and Amortization			t	t
NC-478	Summary of Tax Credits Limited to 50% of Tax	t	t	t	t	t
NC-5500	Request to Waive Penalties	t	t	t	t	t
NC-EDU	NC Education Endowment Fund Contribution	t	t			t
NC-NA	Nonresident Shareholder Agreement			t
NC-NOL	Net Operating Loss Worksheet	t
NC-PE	N.C. Additions and Deductions for Pass-Through entities, Estates, and Trusts			t	t	t
NC-Rehab	Historic Rehabilitation Tax Credits	t	t	t	t	t
RO-1033	Installment Agreement Request	t	t
Schedule A (D-400)	N.C. Itemized Deductions	t
Schedule AM (D-400)	Amended Schedule	t
Schedule NC-478	Pass-Through Schedule for NC-478 Series	t	t	t	t	t
Schedule PN (D-400)	Part-Year and Nonresident Schedule	t
Schedule PN-1 (D-400)	Other Additions and Other Deductions	t
Schedule S (D-400)	N.C. Adjustments for Individuals	t

Modified Forms

• CD-401S, Sch. G – Line 19 has been added

• CD-405 C Corporation Tax Return – Franchise Tax Rates have been updated

• CD-405, Sch. G – Line 25 has been added

• D-400 SCH PN-1, Other Additions and Other Deductions – line 27 has been expanded to lines 27a and 27b

• NC K-1 Supplemental Schedule - Line 38 has been expanded to lines 38a and 38b

• NC-PE, N.C. Additions and Deductions for Pass-Through Entities, Estates and Trust – line 38 has been expanded to lines 38a and 38b

Tax Law Change

The 2024 individual income tax rate has been reduced to 4.50%.