18438: 2024.02.21 - Drake23 Updates

Alabama Update 6

• Individual Package:
  • AL Schedule RS now recognizes qualified charitable contributions as a reduction to taxable retirement distributions, as entered on federal screen 1099.
• Individual and S Corporation Packages:
  • The banner has been removed from Forms AL 2106, and AL 20S Tax worksheet.

Federal Program Update 17

• An update prevents rejects "F8936-032" and "F8936-035."

California Update 8

• Individual Package:
  • Check box "If either spouse has an ITIN on screen 1, enter the TIN from Form W-2" has been added to CA screen W2CG.
• Fiduciary Package:
  • Box 13, "Qualified disability trust," on CA Form 541 is now marked as intended when "Qualified disability" is selected on federal screen 1.
• Partnership Package:
  • An update prevents reject "CorpPartPayment-071" when CA Form 3522 is present in the return.
• Corporation and S Corporation Packages:
  • An update prevents reject "DRKPARSE" on element "CA-Payment" when "CAE - California Extension" is selected from the "State/city selection" drop list on federal screen PMT and CA data is entered on federal screen ES.

1041 Program Update  15

• General program update.

1040 Program Update

• IN code "F" has been added to the list of eligible "State codes" on screen 2. Use this code to force a person marked "Not a dependent" on screen 2 to appear on Schedule IN-DEP.
• An update prevents reject "DRKPARSE" on element "SectCLTCInsuranceCntrctGrp" regarding Form 8853.
• The "Video: Form 1116 - Schedule B" link on screen 1116 has been updated.
• Form 5471, Schedule P, is now available for both the taxpayer and spouse.

Iowa Update 16

• Individual Package:
  • Only one Form IA 130 is now produced in View/Print mode.
  • The intended amount is now calculated on line 30, "Total," of Form IA1040.
• Partnership Package:
  • The county code on IA screen 1 is no longer defaulted to the daytime phone number.
  • The intended ratio is now produced as intended in column C, "Business Activity Ration from Sch. E," page 8, of Form IA 1065.
  • Amounts entered on lines 12 through 13e of Schedule K on federal For m1065 now flows as intended to the following lines
    • Line 13 through 17, page 8, of Form IA 1065
    • Lines 15 and 16, page 3, of Form IA 1065
  • The intended amount is now calculated on line 26, "Total tax due," of Form IA 103.
  • An update prevents reject "DRKPARSE" on element "PartnershipGrossReceipts."
  • Direct debit and direct deposit have been added for Form IA 1065.
  • Line 7 of Form IA 103 now uses the intended tax rate of 8.4%.
  • The intended ratio is now produced on line 13, "BAR," of Schedule E, page 7, on Form IA 1065.
  • The intended amount is now produced on line 20, "Iowa allocated income," page 8, of Form IA 1065.
  • Direct debit information entered on federal screen ES now flows as intended to Part II of Form IA 8453-PE.
• S Corporation Package:
  • The ratio has been updated per the IA DOR on column C, "Business Activity Ratio," of Schedule K, page 8, on Form IA 1120S.
  • An update prevents reject "DRKPARSE" on element "Other" regarding Schedule E on Form IA 1120S.
  • An update prevents reject "DRKPARSE" on element "FormIA1065."
  • Direct debit and direct deposit and estimates have been added for the S Corporation package.
• Corporation Package:
  • An update prevents reject "DRKPARSE" on element "ReductionsSchA."

Idaho Update 3

• Individual Package:
  • The amount entered on line "Earned income for Form 2441 purposes ONLY," of federal screen 2441 now flows as intended to line 5, "Enter your earned income."
  • The IDWK_DEP will now pick up the taxpayer and/or spouse income when entered on the Federal 2441. line 4 for full time student or disabled.
  • Amounts entered on line 10, "Dep. care benefit," on federal screen W2 are no longer included in the calculation on line 1, "Enter the amount of qualified expenses," of ID Worksheet Subtractions Form 39R (Line 6), and 39NR (Line4) Child and Dependent Care (ID WK_DEP).

Illinois Update 11

• Individual Package:
  • The amount in column A on line 24, "Health savings account deduction," of IL Schedule NR is now equal to the amount in column B, preventing reject "ILNR-7200-1."
  • The amount in column A on line 32, "Student loan interest deduction," of IL Schedule NR is now equal to the amount in column B, preventing reject "ILNR-8900-1.

Indiana Update 8

Individual Package: - IN code "F" has been added to the list of eligible "State codes" on federal screen 2. This code will allow the dependent information to produce on Schedule IN-DEP when "Not a dependent" is selected on federal screen 2. - The literal "F" is now produced on line 20a, "Enter Code A if annualizing..," of IN Form IT-40 when "Y - Yes" is selected from the "Is at least 2/3 gross income from Farming or Fishing" drop list on IN screen 1. S Corporation and Partnership Packages: - An update prevents reject "DRKPARSE" on element 'SchINPTET' regarding IN Schedule PTET when zero tax is calculated. - The amount of "0" (zero) is now produced as intended in column D of IN Schedule Composite for individuals when the following applies: - "This shareholder is a non-resident of Indiana...," is selected on IN screen K1 - Individual's resident state is AZ, DC, or OR - EF Message 0131 is now produced when the "PTET Computation Code" is not selected on IN screen 20S (S Corporation package) or 1 (Partnership package), preventing reject "DRKPARSE" on element 'SchINPTET.' Louisiana Multiple Package Update Release Date: 2/20/2024 12:34:02 PM ---------------------------------------------------------------------- Individual, Corporation, and S Corporation Packages: - The following forms have been approved and can now be printed: - Form CIFT-620EXT-V-SD - Form CIFT-620 - LA Worksheet for Estimating Corporation Income Tax (LACESWK) - LA Form IT-540 Massachusetts Update Release Date: 2/20/2024 3:46:20 PM ---------------------------------------------------------------------- Individual Package: - The intended amount is now calculated on line 1, "Alimony received," of MA Schedule X. Corporation Package: - The program no longer closes unexpected when MA Form 355 is present in the return. Minnesota Individual Package Update Release Date: 2/20/2024 9:59:30 AM ---------------------------------------------------------------------- Individual Package: - An update prevents reject "DRKPARSE" on element "QualifyingProviderInfo." - The intended amount is now calculated on line 9 of MN Schedule M1UE. - An update prevents reject "DRKPARSE" on element "Secondary." - An update prevents reject "DRKPARSE" on element "CertificateNum." Montanta Update Release Date: 2/20/2024 4:19:27 PM ---------------------------------------------------------------------- Individual Package: - EF Message 0158 is now produced when a negative amount is present on line 15, "Enter the property tax...," page 10, of MT Form 2, preventing reject "DRKPARSE" on element "PrincipalResidencePropTax." S Corporation and Partnership Packages: - The intended balance due is now displayed on MT Form-PR the MT PTE filing instructions. - An update prevents reject "DRKPARSE" on element "TotalPassThruEntityTaxK1" when a negative amount is produced on line 1, "PTET paid on behalf of owner," of Part 5, on MT Schedule K-1 and line 14, "Total Distributive share," of MT Schedule K-1. Partnership and S Corporation Packages: - EF Message 0089 is now produced when "0" (zero) is produced on line 3a, "Montana income tax withheld on behalf of owner," of Part 5, on MT Schedule K-1, and "Check this box if partner is a nonresident" is selected on MT screen K1. 1065 Program Update Release Date: 2/20/2024 12:52:53 PM ---------------------------------------------------------------------- 1065 Program Update - General program update. North Carolina S Corporation and Partnership Updates Release Date: 2/20/2024 11:36:02 AM ---------------------------------------------------------------------- S Corporation and Partnership Packages: - The "Ending Tax Year" is now printed on Forms NC-40 PTE and NC-429 PTE, as expected. Partnership Package: -"Nominee IRA" is now an accepted partner type. - Form NC-40 PTE is now generated and printed, as expected. NM Individual Packagae Update Release Date: 2/20/2024 11:06:42 AM ---------------------------------------------------------------------- Individual Package: The exemption amount has been updated for line 24, "Exemption for armed forces retirement pay," on NM Form PIT-ADJ for tax year 2023. NY Multiple Package Update Release Date: 2/20/2024 6:56:53 PM ---------------------------------------------------------------------- Partnership package: The watermark is removed for the Form IT2658, Report of Estimated Tax for Nonresident Individual Partners except when there is attachment NY_M2658 Partnership package: Tax year 2023 due dates now print on the NY_N2658, Attachment to IT2658. Note 95 will now generate for Form IT2658, Report of Estimated Tax for Nonresident Individual Partners and Shareholders when there is an amount on Line 5. Individual Package: Message page 323 will no longer generate when form IT-2105.9, Underpayment of Estimated Tax By Individuals and Fiduciaries, is present in the return. Partnership package: e-File is now activated for the NY Partnership package. General Program Update Release Date: 2/20/2024 12:29:19 PM ---------------------------------------------------------------------- General Program Update - General program update. Pennsylvania Update Release Date: 2/20/2024 2:11:01 PM ---------------------------------------------------------------------- Individual Package: - An update prevents reject "DRKPARSE" on element "BeneficiaryYearEnd" regarding PA-41 Schedule RK-1 - An update prevents reject "DRKPARSE" on element "SpouseSSN." - Philadelphia BIRT information is now displayed on the Client Results Letter. - The PA fourth quarter estimated payment due date of January 15, 2025, is now produced on the PA-40 ES instructions and Client Results Letter. - The intended PA Local ES voucher (PALOCAL) is now produced when "Print voucher for period indicated" and the "Voucher" is selected on PA screen LOC > "TP ES Vouchers" link. Partnership Package: - EF Message 0378 is now produced when "52/53-week tax year" is selected on federal screen 1, but the fiscal year beginning and ending dates are missing. S Corporation Package: - Philadelphia BIRT information is now displayed on the Client Results Letter. - Philadelphia BIRT information is now produced when intended on the federal Client Results Letter. S Corporation and Partnership Packages: - EF Message 0126 is now produced when "VARIOUS" is entered on line 1b, "Date acquired," of federal screen 8949. - Return Note 44 is now produced when either "RK1" or "NRK1" is selected on PA screen PAK1. 1120 Program Update Release Date: 2/20/2024 12:39:05 PM ---------------------------------------------------------------------- 1120 Program Update - An update resolves reject "F1120-027-01." 1120S Program Update Release Date: 2/20/2024 12:47:46 PM ---------------------------------------------------------------------- 1120S Program Update - A blank Statement 12 is no longer produced for Schedule K-1, line 13, code P. - The credit amount produced on line 17 of Form 6765 is now displayed, as intended, on the Federal Supporting Statement "Schedule K - Line 13g - Other Credits." 990 Program Update Release Date: 2/20/2024 12:58:17 PM ---------------------------------------------------------------------- 990 Program Update - General program update. WV Multiple Package Update Release Date: 2/20/2024 11:54:44 AM ---------------------------------------------------------------------- S Corporation and Partnership Packages: The tax rate has been updated from .0521 to .0512 for the following WV forms: - Form IT-140 NRC - Schedule K-1 - Schedule SP (Form PTE-100), Individual Package: Obsolete WV Form IT-210 has been removed from the program. WV will now calculate applicable penalties and, if necessary, send the taxpayer a bill.