17320: 2021.07.30 - Drake20 Updates

Kentucky Update 25

• Individual Package:
  • "Name of LLC," on Form 725, Kentucky Single Member LLC Individually Owned Income and LLET Return, will be printed, as expected, when the return contains more than one Form 720 EXT, Extension of Time to File Corporation/LLET Extension, and the "KY725" is selected from the "State/City" drop list on screen STEX.
  • The numbers on line B, "FEIN/SSN," on Form 725, Kentucky Single Member LLC Individually Owned Income and LLET Return, will no longer be separated by a dash (-) on the .PDF document.
• Corporation, S Corporation, and Partnership Packages:
  • Line 15, "Section A Subtotal," and line 16, "Section A Total," of Schedule A - Apportionment and Allocation Continuation Sheet, Section A, are now calculated as expected and no longer include the values from line 1. 
• Fiduciary Package:
  • Amounts from line 11 of the federal Schedule K-1 now flow to the correct lines - line 9(a), "Excess deductions on termination," line 9(b), "Short-term capital loss carryover," and line 9(c), "Long-term capital loss carryover" - of Schedule K-1 of Form 741, Kentucky Fiduciary Income Tax Return.