18380: 2024.01.16 - Drake23 Updates

General State Update 2

• Fiduciary Package:
  • ME worksheet MEWK_1AS has been added to Setup > Pricing.
• Individual Package:
  • MN worksheet MNWK_QRB, Qualified Retirement Benefits Worksheet, has been added to Setup > Pricing.

Massachusetts Update 3

• Individual Package:
  • The limit amount on line 2, "Homeowners only, enter assessed value of principal residence as of January 1, 2023," of MA Schedule CB has been updated.
• Fiduciary Package:
  • MA Long-Term Capital Losses Applied Against Interest Worksheet (MA 2WKLLT) is now produced when the following occurs:
    • An amount greater than "0" (zero) is present on line 28, page 2, of MA Scheduled B
    • An amount is present on line 13, "Long-term capital gains on collectibles..," of MA Schedule B 
  • The check box on line 29, "Net Part A 8.5% and 12% capital gain income taxable to fiduciary," of MA Form 2 is now marked as intended when there is an amount greater than "0" (zero) on line 13, "Net Part B 5.0% income taxable to fiduciary," of MA Form 2. 
  • The following MA forms are now approved for e-filing:
    • MA Form 2 
    • MA Form 2G

Michigan Update 2

• Individual Package:
  • The Tier 2 Michigan Standard Deduction will now be calculated on MI Schedule 1 (Form 3423) when the spouse is the older of the taxpayer and spouse and qualifies for the deduction.
  • The text on line 7b of MI Worksheet 2: Tier 2 and Tier 3 Michigan Standard Deduction (MIWK_2) has been updated.

Minnesota Update 2

• Individual Package:
  • The amount from line 33, "Subtraction for one-time refund," of MN Form M1PR is now included on line 10, "Total other subtractions," as expected.
  • The field "Total qualified public service-related pension payments" has been added to MN screen M. When data is entered in this field, M1M Worksheet Line 29 is produced. 
  • The Minnesota Child Tax Credit on Schedule M1CWFC will now be calculated on returns that have no earned income but otherwise qualify for the credit. 
  • Dependents with a relationship of "Grandchild" will now be marked as a "qualifying child" or "qualifying older child" on Schedule M1DQC.

North Carolina Update 2

• Partnership Package
  • Taxes are no longer calculated on line 18 "Tax Due," section C of Part 4, on NC Form D-403 for partners who are NC residents.

New Jersey Update 1

• Individual Package: 
  • Amounts have been updated on the following lines of NJ Worksheet L:
  • Line 7, "Enter the amount listed for the size of your tax household," of Part II
  • Line 12, "Enter the amount listed for the size of your tax household," of Part III - NJ Worksheet L, Shared Responsibility Payment Calculation (NJ WKL), has been updated to the latest version.
  • The penalty is no longer produced on line 53c, "Shared Responsibility Payment," of NJ Form NJ-1040 when NJ screen EZE is completed. 
  • e-File specifications have been updated per recent NJ guidelines.
  • The field "NJ Ovarian Cancer Research Fund" has been added to NJ screen CON. 
  • NJ 2D barcode specification have been updated, and the following NJ forms have been approved for e-file: 
    • NJ-1040-ES
    • NJ-1040NR
    • NJ-1040-NR-V
    • NJ-1040-V
    • NJ-1041
    • NJ-1041-V
    • NJ-630-V
    • NJ-EZ
• S Corporation Package:
  • The amount entered on Part V, Line E, "Share of Pass-Through Business Alternative Income Tax," on NJ screen K1 now flows as intended to column E, part V, page 10, of NJ Form CBT-100S. 
  • Negative numbers are no longer allowed on line 43, "Allocated Entire Net Income," page 4, of NJ Form CBT-100S, preventing reject "DRKPARSE."

Ohio Update 5

• Individual Package:
  • An update prevents reject "DRKPARSE" on element "NonResidentCredit."
• Fiduciary Package: 
  • OH Form IT 1041 has been approved for printing.

Oklahoma Update 1

• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages: 
  • The OK Individual, Corporation, S Corporation, and Partnership packages have been approved and activated for e-file. The watermark has been removed from OK Forms 513 and 513-NR.

General Program Update 5

• 2022 "Fee override" data entered on screen 1 now updates correctly to the following fields in Drake Tax 2023: 
• "Fee" on screen ADMN - "2022 prep fee" on screen MISC 
• Applicable 2022 state ID numbers entered on screen W2 (states whose DORs do not allow state ID numbers to be updated from year-to-year) are no longer updated to screen W2 in Drake Tax 2023.

Washington Update 1

• Individual Package: 
  • e-File specifications have been updated per WA guidelines, preventing reject "DRKPARSE" on element "AuthenticationHeader."
  • An update prevents reject "DRKPARSE" on element "NoUBADisbursementCdSubmit" when "Mail Check" is selected on WA screen MAIN.
  • An update prevents reject "DRKPARSE" on element "NoUBADisbursementCdSubmit" when "Prepaid Debit Card" is selected on WA screen MAIN.