18244: 2023.07.21 - Drake22 Updates

General State Programing Update 24

• Texas: Individual, Corporation, S Corporation, Partnership, Fiduciary, and Tax-Exempt Packages: 
  • The payment mailing address for TX returns is now produced on the Client Results letter.

Federal Program Update 37

• General program update.

1041 Program Update 30

• Asset depreciation now flows to all PA forms and schedules as expected. Prior to this update, asset depreciation was calculated correctly and flowed to all PA forms and schedules with the exception of Form PA4562. On Form PA4562, depreciation could have flowed to an incorrect line — either line 19 b, "Nonresidential real estate property," or 19 h, "Residential rental property."

1040 Program Update 41

• Business codes are no longer duplicated when using the Search feature on screen C.
• Asset depreciation now flows to all PA forms and schedules as expected. Prior to this update, asset depreciation was calculated correctly and flowed to all PA forms and schedules with the exception of Form PA4562. On Form PA4562, depreciation could have flowed to an incorrect line — either line 19 b, "Nonresidential real estate property," or 19 h, "Residential rental property."
• A field for 2018 charitable deduction carryovers limited to 60% has been added to the Charitable Contributions Carryovers from Prior Years screen (accessed from screen A > "Charitable Contributions Carried over from prior years" link). Charitable deductions carried over from 2018 were not saved by Drake Tax 2021 and, therefore, not updated to Drake Tax 2022. Data entered in this field will be updated to Drake Tax 2023.

Iowa Update 40

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • Form IA 4136 has been updated to the latest version.

Indiana Update 23

• S Corporation, Partnership, and Fiduciary Packages:
  • Override fields for "Amount of Distribution for Schedule IN-COMPA" and "State Tax for Schedule IN-COMPA" were added to IN screen K1 to allow modifications to IN Schedule Composite when claiming an exemption for reduction in withholdings or for income subject to reduction for COMPA exception codes 03-13 pertaining to Schedule IN-COMPA.
  • EF message 0131 will now be produced when amounts are entered in the "Amount of Distribution" or "State Tax when Schedule IN-COMPA" override fields unless exception code 03 through 13 is selected from the "Exception code" drop list on IN screen K1.

Missouri Update 28

• Individual Package:
  • The spouse's federal Schedule E expenses now flow as intended to Kansas City Form RD-108.

1065 Program Update 35

• Asset depreciation now flows to all PA forms and schedules as expected. Prior to this update, asset depreciation was calculated correctly and flowed to all PA forms and schedules with the exception of Form PA4562. On Form PA4562, depreciation could have flowed to an incorrect line — either line 19 b, "Nonresidential real estate property," or 19 h, "Residential rental property."

1120 Program Update 29

• Asset depreciation now flows to all PA forms and schedules as expected. Prior to this update, asset depreciation was calculated correctly and flowed to all PA forms and schedules with the exception of Form PA4562. On Form PA4562, depreciation could have flowed to an incorrect line — either line 19 b, "Nonresidential real estate property," or 19 h, "Residential rental property."
• Section 179 expense from line 20 of Form 1120 is now added to the amount on line 27 when data is entered in the "Contributions" override field on screen DED. Prior to this update, the section 179 expense was not being included on line 27 when contributions were overridden. Affected returns should be reviewed for accuracy and, if necessary, corrected, recalculated, and resubmitted.

1120S Program Update 32

• Asset depreciation now flows to all PA forms and schedules as expected. Prior to this update, asset depreciation was calculated correctly and flowed to all PA forms and schedules with the exception of Form PA4562. On Form PA4562, depreciation could have flowed to an incorrect line — either line 19 b, "Nonresidential real estate property," or 19 h, "Residential rental property."

990 Program Update 28

• General program update.