Menu

Search

Knowledge Base


18379: 2024.01.13 - Drake23 Updates


Drake Tax Update Notes

2024.01.13 - Drake23 Updates

Federal Program Update 4

  • General program update.

1041 Program Update 4

  • The check box "Do NOT update client to next year" has been added to screen MISC.

1040 Program Update 5

  • Gain from Form 8621 is now included on Schedule D (AMT), preventing incorrect data from flowing to line 2k, "Disposition of property (difference between AMT and regular tax gain or loss)," of Form 6251.

Illinois Update 2

  • Individual Package:
    • The Property Tax Credit and Education Expense Credit are no longer calculated on IL Schedule ICR when the total income is $250,000 (Single) or $500,000 (Married Filing Jointly).

General Program Update 4

  • General program update.

1120 Program Update 4

  • 2018 net operating losses (NOLs) entered on screen LOSS are now correctly included in the post-2017 portion of the NOL limitation calculated on the NOL Limitations Worksheet (WK_NOLLM).

1120S Program Update 5

  • General program update.

990 Program Update 4

  • An update resolves reject "F4720-035."

Also In This Category


On a scale of 1-5, please rate the helpfulness of this article


Not Helpful
Very Helpful
Optionally provide private feedback to help us improve this article...

Thank you for your feedback!


Details
Article has been viewed 228 times.
Last Modified: 6 Months Ago
Article not rated yet.
Options