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18430: 2024.02.16 - Drake23 Updates


Drake Tax Update Notes

2024.02.16 - Drake23 Updates

 

Alabama Update 5

  • Individual Package:
    • EF rejects AL40-RS-100, AL40NR-RS-100, AL40NR-RS-200, and AL40NR-RS-300 have been resolved on AL Schedule RS.

Federal Program Update 16

  • An update resolves reject "DRKPARSE" on element "BusinessNameLine1Txt."
  • An update prevents reject "SK2-F1065-023" when e-filing Schedules K-2 and K-3.

California Update 7

  • Individual Package:
    • Program updates prevent a parse error for element 'CAExemptionCreditPercentage' having an invalid child element when a part-year taxpayer has zero ("$0") taxable CA income.
  • Partnership Package:
    • Program updates prevent a parse error for element "note" not being declared when line 21 of Schedule K-1 (565 or 568) is marked.
    • Program updates prevent a parse error for element "Other" being invalid when there is an entry on line 20C of Form 565, page 4, or Form 568, page 5.
    • Form 568 has been updated to display overpayment applied on line 21 when the full amount of the refund is applied to future tax years.
  • Corporation Package:
    • Nondeductible entertainment expenses entered on federal screen DED are no longer included on CA Form 100, page 4, line 26b. The CA deductible portion of the nondeductible entertainment expenses are now included on page 2, line 15, of Form 100.
  • S Corporation Package:
    • Credit amounts from Form 3523 are no longer reported on Form 100S, page 6, line 13d, and on CA Schedule K-1, line 13d.
  • S Corporation and Partnership Packages:
    • Updated EF Messages prevent e-file of returns reporting a prior-year overpayment applied for CA PTE-ETC estimates on federal screen ES when the state code is "CA" and type is "PP."
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • CA screen 593 has been updated to no longer allow negative entries for the "Amount withheld from Seller" field, preventing a parse error for element "WitheldFromSeller."

Connecticut Update 5

  • S Corporation and Partnership Packages:
    • Line 11, "25% of the Section 179 Deduction...," field on CT screen 3 now functions as intended.
  • S Corporation and Partnership Packages:
    • The intended amount is now calculated on line 12, "Section 179 deduction," Part 4, column A, page 6, of Form CT-1065/CT-1120SI.
  • Corporation Package:
    • The intended amount is now calculated on line 6, "Tax credits with carryforward provisions," page 3, of Form CT-1120K.
    • Amounts are no longer produced on Schedule C of Form CT-1120 when "Corporation exempt from CT corporation tax" is selected on CT screen 5.
    • The intended amount is now calculated on line 27, page 2, of Form CT-1120K.
    • Amounts are no longer produced on Schedule C of Form CT-1120 when "Corporation exempt from CT corporation tax" is selected on CT screen 5.

General Program Update 3

  • General program updates.

Delaware Update 3

  • Corporation, S Corporation, and Partnership Packages:
    • The following DE forms have been approved and are now available for e-filing:
      • CIT-TAX
      • PRT-RTN
      • SCT-RTN

1041 Program Update 14

  • Forms 8801 and 8881 are now available for e-file.

1040 Program Update 20

  • An update prevents reject "DRKPARSE" on element "ReturnData."
  • An update prevents reject "DRKPARSE" on element "OriginalNoncashBusinessName" regarding Form 8283.
  • The field "Do NOT print itemized deductions on the Tax Return Comparison if claiming the standard deduction" has been added to screen PRNT.
  • An update prevents the following rejects when e-filing Form 5695:
    • F5695-035
    • F5695-053
    • S3-F1040-024
  • "DRKPARSE" on element "EgyEffcntHmImprvCrGrp"
  • Forms 8801 and 8881 are now available for filing.

Iowa Update 14

  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • An update limits the number of characters for the third-party designee to 35, as required by the IA DoR, resolving the "Drkparse" error for element "AddressLine1Txt" for "ThirdPartyDesignee."
    • EF Message 0059 prevents "Drkparse" element for"FormIA128S," when line 1c is not marked "Yes" and the credit is not a pass-through credit.
  • Partnership Package:
    • EF message 0173 prevents "Drkparse" errors when the third-party designee information is missing from Form IA 1065, page 9.
    • The total of all credits is now included Schedule B, as intended.
    • The preparer's phone number and PTIN will now be displayed, as intended, on page 9 of Form IA 1065.
  • S Corporation, Partnership, and Fiduciary Packages:
    • An update to the IA credit codes on the Schedules K-1 resolves the "Drkparse error" on element "creditcode" for Form IA 4136.

Kansas Update 7

  • Corporation Package:
    • KS Form K-220 is now produced as expected when data is entered on line 7, "Exception #2 - Annualized income," of KS screen K220.
  • Partnership Package:
    • Guaranteed payments now flow to Part III of KS Form K-120S as expected.
    • Line F, "State of incorporation" and "Date of incorporation," has been added to KS screen 1. Data entered in these fields flows to line F of KS Form K-120S.
  • S Corporation and Partnership Packages:
    • The correct number of days is now calculated on line 11, column (4), of KS Form K-220S for late estimated payments made before the due date of the return.
  • The return due date has been updated to April 15, 2024, to align with the most recent instructions released by the KS DOR.

Kentucky Update 7

  • S Corporation and Partnership Packages:
    • An update prevents reject "DRAKEPARSE" on element "ZipCd."
  • Individual Package:
    • The program no longer closes unexpectedly when calculating certain returns in the Individual package.
  • Individual, Corporation, S Corporation, and Partnership Packages:
    • KY Form OL-3 is now displayed on the Client Results Letter.

Massachusetts Update 11

  • Individual Package:
    • The MA Estimated Tax Worksheet (MA WK_1ES) has been updated to the latest version.
  • Partnership Package:
    • The MA Partnership Gross Income Worksheet (MAWK_3GI) is no longer produced View/Print mode.
  • S Corporation Package:
    • An update prevents MA reject "DRKPARSE" on element "stateSchemaVersion."
  • Fiduciary Package:
    • The MA Estimated Tax Worksheet (MA WK_2ES) has been updated to the latest version.

Maryland Update 8

  • Individual Package
    • MD502CR reject Form502CR-50000-030 has been resolved. If a return has received this reject, please recalculate and review the return after this update has been installed, then transmit the return again.
    • MD 505 functionality has been corrected for a dependent taxpayer and under filing requirement.
    • MD ES Line 1 has been updated to show 2024.
    • MD_LOCWK Washington county has been updated to calculate 0295.
  • Corporation, S-Corporation, Partnership Package
    • MD511 parse error on the StateApportionmentFactor has been resolved. Preparers should recalculate and retransmit affected returns.
  • Individual, Corporation, S-Corporation, Partnership Package
    • MD forms update to remove banners from approved forms.
  • S-Corporation, Partnership Package
    • An update resolves MD reject "510D-80307-010" when filing MD Form 510D/511D. Preparers should recalculate and retransmit affected returns.
  • Corporation Package
    • An update resolves MD reject "FINTRAN-98190-005 " when filing MD Form 500. Preparers should recalculate and retransmit affected returns.

Michigan Update 13

  • Individual and Fiduciary Package:
    • Updated EF Messages 75 and 257 prevent MI reject 487 when line 4, column D, of Form 5995 does not equal the sum of columns E and F.
  • Individual Package:
    • An update prevents MI parse error on "Wages."
    • Section D and worksheet 3.3 of MI Form 4884 are now printed when the 4884 "Force" printing box is marked on MI screen PRNT.

1065 Update 15

  • An update resolves Form 8283 rejects "F8283-032-02," "F8283-038," and "F8283-040."
  • Code "ZZ" is now printed with line 13 "Other Information" data on the Schedule K-1 supplemental statement.
  • Code "ZZ" is now printed in box 20, "Other Information," of Schedule K-1, as expected.
  • An update prevents reject "DRKPARSE" on element "OriginalNoncashBusinessName" regarding Form 8283.
  • Form 8308 has been approved for e-file, and the watermark has been removed.
  • Forms 8801 and 8881 are now available for e-file.

Nebraska Update 4

  • S Corporation and Partnership Packages:
    • The intended percentages are now produced in column C, "Percent of Income," on NE Schedule PTET.
  • Partnership Package:
    • The 4th quarter estimated payment due date for NE Form 1065N-ES has been updated to December 15, 2024.
  • Corporation, S Corporation, and Partnership Packages:
    • e-File specifications have been updated per recent NE guidelines.
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • EF Message 0290 is now produced when the "Parcel ID Number" on NE screen PTC is less than 10 digits when "89" is selected from the "County Number" drop list,
    • The following forms and worksheets have been updated to the latest version:
      • Electing Small Business Trust Tax Calculation Worksheet (NEESBT)
      • Form 458
      • Form 2220N
      • NE Schedule II (NE_FATT)
      • Schedule A Other Deductions (NEOTHDED)

New Jersey Update 6

  • Individual Package:
    • Wages entered on federal screen W2 with a "Special tax treatment" code of "M" or "R" no longer flow to NJ nonresident returns.
  • Partnership Package:
    • Data is now produced in column L on page 3 of Form NJ-1065 only when "Allocated to the Partners" is selected on NJ screen A.
  • Corporation and S Corporation Packages:
    • An update prevents reject "DRKPARSE" on element "DateEmpFrom."

Ohio Update  18

  • Individual Package:
    • An update prevents reject "R14.1" regarding the city of Waueseon, as Waueseon no longer accepts payments with the return.
    • EF Message 0033 is now produced only when "OH" is entered for box 15 on federal screen W2.
    • The credit limit for the city of Bowling Green has been updated to 2%. - Spelling has been corrected for Lakewood mailing addresses.
  • Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • The correct carryforward amount is now produced on the Ohio City Net Operating Loss Carryforward Worksheet regarding RITA Form 27.
    • Data is now displayed on line 3C, "Percentage Allocable to RITA," of RITA Form 27 when applicable.

Oregon Update 8

  • Individual, Corporation, and Partnership Packages:
    • The "Preparer Oregon License Number" entered on OR screen 1 now flows as intended to the applicable OR form.
  • Individual Package:
    • An update prevents reject "DRKPARSE" on element "PassThruEntityTaxID."
    • An update prevents reject "DRAKEPARSE" on element "ZipCd."

General Program Update 19

  • The "Mail-to address" has been updated on the filing instructions and the Client Results Letter for Form 1040-X.
  • 1040-X returns can now be selected as expected in the EF Return Selector.

1120 Program Update 16

  • An update resolves Form 8283 rejects "F8283-032-02," "F8283-038," and "F8283-040."
  • An update prevents reject "DRKPARSE" on element "OriginalNoncashBusinessName" when Form 8283 is e-filed.
  • Forms 8801 and 8881 are now available for e-file.

1120S Program Update 17

  • An update resolves Form 8283 rejects "F8283-032-02," "F8283-038," and "F8283-040."
  • An update prevents reject "DRKPARSE" on element "OriginalNoncashBusinessName" when Form 8283 is e-filed.
  • Forms 8801 and 8881 are now available for e-file.

South Carolina Update 7

  • Individual Package
    • EF Message 0063 prevents e-file errors for element "Secondary," when a spouse's SSN is missing on a Married Filing Jointly return.
    • An update corrects an e-file error for element "Secondary," when the spouse is a nonresident alien on a Married Filing Separately return.

990 Program Update 15

  • The "Officer Name" and "Title" entered on screen OFF now flow as intended to page 4 of Form 990-EZ.

Utah Update 3

  • Individual Package:
    • The intended "Marginal tax rate" is now calculated on UT Three-year State Tax Return Comparison (UT-COMP).
  • Fiduciary Package:
    • The estate or name trusts entered on federal screen 1 are now displayed as intended on UT Form TC-41A.
  • S Corporation Package:
    • The amount entered on line 18, "Utah nonrefundable credits," with "AP
    • Tax paid by pass-through entity" from the drop list on UT screen K1 now flows as intended to line 18 of UT Schedule K-1.
  • S Corporation and Partnership Packages:
    • The intended amount is now calculated on the following lines when "Ap - Credit for Voluntary Tax Paid" is selected on line "Utah nonrefundable credits," of UT screen DIST:
      • Line 11, "Other income/loss," on UT Schedule K (S Corporation package)
      • Line 12, "Other income/loss," on UT Schedule K (Partnership package)

Virginia Update 7

  • Individual Package:
    • A check box and link have been added to VA screen CR3 regarding the Firearm Safety Device Credit. The option "Check this box when application above is complete" must be selected in order to e-file a return that is claiming the credit. The credit limitations have also been updated to allow up to $300 per spouse.
  • S Corporation and Partnership Packages:
    • The correct first- and fourth-quarter estimated payment due dates are now produced for calendar-year 502 and 502PTET returns.

Vermont Update 7

  • S Corporation and Partnership Packages:
    • The amount produced on line C, "Net adjustment to income...," of VT Form BI-471 now flows to line 13, "Share of total federal bonus...," on VT Schedule K-1VT based on ownership percentage. - VT Form BI-476 has been approved for e-filing, and EF Message 0008 has been removed.
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • All Vermont forms within the Individual, Corporation, S Corporation, Partnership, and Fiduciary packages have been approved for paper filing.

Wisconsin Update 5

  • Individual Package:
    • The amount on line 7 of Wisconsin Medical Care Insurance Worksheets (WIWK_INS) now flows as intended to line 40, "Medical care insurance," page 3, of WI Schedule M.
    • An update prevents reject "DRKPARSE" on element "SpouseSignature" when an email address is entered for the spouse on WI screen 2 and the filing status is "1 - Single" on federal screen 1. 
    • The intended amount is now produced on line 15, "Agriculture credit," column B, of WI Schedule CR when U.S government interest is present on WIWK_A5.
    • Line 8c, "Medical and long-term care insurance subtraction," has been added to WI screen H.
  • Fiduciary Package:
    • The intended amount is now calculated for the 4th quarter on line 32, "Annualized income," of WI Schedule U.

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