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18383: 2024.01.17 - Drake23 Updates


Drake Tax Update Notes

2024.01.17 - Drake23 Updates

Arizona Update 2

  • Individual Package:
    • Code "22584 - Making Taxes Count, LLC" has been removed from AZ screen 321.
    • The following charity codes have been added to AZ screen 321:
      • 22541 - 100 Club of Arizona 
      • 22580 - Team Bradley Bear Foundation, Inc.
      • 22692 - Arizona Refugee Center
    • An update prevents reject "DRKPARSE" on element "OwnCredit."
    • An update prevents reject "DRKPARSE" on element "NumMonthsLived" when filing AZ Form 140.
    • AZ Form 140A is no longer produced when the taxable income on line 15 of Form 1040 is more than $50,000.

General State Update 3

  • General program update.

Federal Program Update 5

  • General program update.

1041 Program Update 5

  • Code "P - Nonresident or foreign entity that sold or exchanged an interest in a U.S.-engaged partnership" has been added to the "Adjustment" drop lists on screen 8949.
  • The following forms have been approved, and the watermarks have been removed:
    • Form 4970 
    • Form 8995

1040 Program Update 6

  • The amount on line 38c, "Excess inclusion from Schedules Q, line 2c," of Schedule E (Form 1040) now flows to line 15 of Form 1040-NR if the amount on line 38c is greater than the original line 15 amount.
  • Dependents entered on screen 2 are now shown as intended on the "Form 1040SS - Dependents" section of the Federal Supporting Statement ("STATEMENT" In View/Print mode) when there are more than four dependents present in the return.
  • The following forms have been approved, and the watermarks have been removed:
    • Form 4970 
    • Form 8615
    • Form 8995
    • Form 5329
  • The year "2023" has been added to the upper-right corner of Form 8879 and Form 8879(SP).
  • The age of the taxpayer, spouse, and dependents is now shown on the Individual Diagnostic Summary ("Summary" in View/Print mode).
  • Code "P - Nonresident or foreign entity that sold or exchanged an interest in a U.S.-engaged partnership" has been added to the "Adjustment" drop lists on screen 8949.

Iowa Update 2

  • Individual and Fiduciary Packages: 
    • The watermark has been removed from Form IA 130.
  • Corporation Package:
    • The check box "Amended Return" is now marked on Form IA 1120 when Form IA 102 is present in the return.
  • Fiduciary Package:
    • An update prevents reject "DRKPARSE" on element "OtherAmtsPdRequiredData" when filing Form IA 1041.
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • The following forms have been approved for print: 
      • IA100G 
      • IA100H 
      • IA100J 
      • IA124
      • IA8882 
    • The watermark has been removed from Iowa Business Tax Cancellation (IABCANC). 
    • The watermark has been removed from Iowa Business Tax Change (IABCHANG). 
    • The watermark has been removed from Forms IA 2848 and IA 2848-A.
  • Fiduciary Package: 
    • An update prevents reject "DRKPARSE" on element "CompositeCreditRecdOnIowaK1No" when filing Form IA 1041.

Illinois Update 3

  • S Corporation and Partnership Packages: 
    • The "Type" for IL estimated PTE payments has been changed from "PT" to "PE" on federal screen ES, allowing PTE vouchers to be generated.
    • References have been updated for Return Notes 27 and 28.

Indiana Update 2

  • Individual, Corporation, S Corporation, and Partnership Packages:
    • Addback/deduction codes 154, 639, and 641 have been added to the "State Modifications" drop list on IN screen K1RC (K1s received) in the business packages, or IN screen K1 in the Individual package.
    • EF Message 0027 is now generated when an negative amount is entered for 600-series codes.
  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Print alignment has been adjusted for the following forms:
      • IT-20 Schedule Composite
      • IT-20S
      • IT-20S Schedule IN K-1
      • IT-41 Schedule Composite
      • IT-65
      • IT-65 Schedule Composite
      • IT-65 Schedule IN K-1
      • Schedule Composite-COR
      • Schedule EZ 1, 2, 3
    • The "Indiana AGI subject to county tax" override field is obsolete and has been removed from screens K1 in the S Corporation, Partnership, and Fiduciary packages.

Maine Update 3

  • Individual and Fiduciary Packages:
    • An update prevents reject "DRKPARSE" on elements "Ratio," "PTDevZoneApport," and "RegIncomeTax," when filing ME Pine Tree Development Zone Tax Credit Worksheet.
  • Individual, Corporation, and Fiduciary Packages:
    • The Pine Tree Development Zone Tax Credit Worksheet has been updated.
  • Corporation Package:
    • An amount is no longer calculated on line 2, "Regular income tax liability for 2023," of ME Form 1120ME, Schedule C page 2 when line 1, "Minimum tax credit carryover from 2022" of ME Form 1120ME, Schedule C page 2 is blank.
  • Fiduciary Package:
    • e-File specifications have been updated per recent ME guidelines, preventing reject "DRKPARSE" on element "Desc" when amounts are present on Schedule 1 of ME Form 1041.
    • ME screen ASUB has been added to the program. Entries on this screen now produces Form 1041ME Schedule 1 - Fiduciary Adjustment Line 1h Additions and Line 2h Deductions Worksheet (ME WK_1AS in View/Print mode).
    • ME Form 1041-ME-EXT has been updated and is now produced when intended.

Minnesota Update 3

  • Individual Package
    • Box 10 or 11 on Schedule M1DQC will now be marked for a qualifying child when that child has been indicated as "Not a dependent" on federal screen 2, Dependents, but still qualifies for the MN Working Family Credit or Child Tax Credit. 
    • Boxes 10 and 11 on Schedule M1DQC will no longer be marked when "Does not qualify for EIC" has been marked for a dependent on federal screen 2, Dependents.

New Mexico Update 1

  • Individual Package:
    • The intended qualified dependents and Child Income Tax Credit amounts are now produced on NM Line 25. Worksheet for Calculating Child Income Tax Credit Worksheet (NMCIC_WK).

General Program Update 6

  • KS Forms with QR codes are now printed correctly.

1120 Program Update 5

  • Form 1120-C and 1120 Schedule D have been approved, and the watermarks have been removed.
  • Code "P - Nonresident or foreign entity that sold or exchanged an interest in a U.S.-engaged partnership" has been added to the "Adjustment" drop lists on screen 8949.

Rhode Island Update

  • Fiduciary Package:
    • The RI Fiduciary package has been approved and activated for e-file.
  • Individual Package:
    • The intended amount is now produced on line 1s,"Modification for taxable Social Security income...," of RI Schedule M when the date of birth of the taxpayer or spouse is before July 1,1957.
  • Partnership Package:
    • The intended amount is now calculated on line 1, "Total Pass-Through Entity Income apportioned to Rhode Island," of RI Form RI-PTE.

1120S Program Update 6

  • General program update.

990 Program Update 5

  • The following forms have been approved and are now available for e-file: 
    • Form 990
    • Form 990-EZ
    • Form 990-N
    • Form 990-PF
  • Form 8995 has been approved, and the watermark has been removed.

Utah Update 1

  • Individual Package:
    • Field help information for the "Health Benefit Plan credit" (code 23) line on screen 2 has been corrected.
  • S Corporation Package:
    • Line 18 of Schedule K, Form TC-20S, now correctly calculates the pass-through entity tax credit (code "AP").
  • Partnership Package:
    • All available entries under "Utah nonrefundable credits" are now printed on Schedule K of Form TC-65.
    • The correct amount is now calculated on line 17 of Schedule K when credit code "AP" is selected and an amount is entered in an override field on line 17 of Utah screen K1.
  • Individual and Corporation Packages:
    • Approval updates have been made for Forms TC-40 and TC-20.
  • Corporation and S Corporation Packages:
    • Return Notes 31 through 34 regarding Schedule H have been removed from the program.
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Watermarks have been removed from all approved forms.
    • Obsolete screens for the Low-Income Housing Credit have been removed from the program.

Virginia Update 2

  • S Corporation and Partnership Packages:
    • Text has been added to VA screen 500C, indicating that VA Form 500C is under development and not yet available.

Wisconsin Update 1

  • Individual Package:
    • An update prevents reject "DRKPARSE" on element "ReturnState" when filing Schedule H as a standalone form.
    • WI residents with a filing status of "3 - Married Filing Separately" on screen 1 must have "Filing HOH, the taxpayer is married...," selected on WI screen 2 in order to qualify for WI EIC.
    • The intended Wisconsin Medical Care Insurance Worksheet (WIWK_INS in View/Print Mode) is now produced when WI Form 1NPR is present in the return.
  • Fiduciary Package:
    • WI screen MI has been removed from the program.
    • The intended due date is now displayed on the WI filing instructions.
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • e-File specifications have been updated per recent WI guidelines for all WI packages.

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