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18441: 2024.02.23 - Drake23 Updates


Drake Tax Update Notes

2024.02.23 - Drake23 Updates

 

Federal Program Update 18

  • General program update.

1041 Program Update 16

  • Page 2 of Schedule H is now produced when lines A and B are "No" and line C is "Yes." - An update prevents reject "DRKPARSE" on element "OtherFrgnTaxAdjustmentsGrp" regarding Schedule B of Form 1116.

Georgia Update 8

  • Corporation Package:
    • The intended amount is now calculated on line 6, "Georgia Net Operating Loss deduction," of GA Form 600.
    • GA Form 600 has been approved and is available for e-file.

1040 Program Update 22

  • The "No" check boxes on page 2 of Form 5695 are now marked only when "No" is selected for the corresponding question on screen 5695 > "Part II" tab. No calculations have been affected.
  • Code "OH - Ohio (includes SD100, if eligible)" has been removed from the following locations:
  • The "Filing Method Override for Letters and Filing Instructions" section of screen COMM
  • The "State e-File Override" section of screen EF
  • Page 2 of Schedule H is now produced when lines A and B are "No" and line C is "Yes."
  • An update prevents reject "DRKPARSE" on element "OtherFrgnTaxAdjustmentsGrp" regarding Schedule B of Form 1116.
  • A blank Form 7207 is no longer produced when updating certain returns from Drake Tax 2022 to 2023.

Iowa Update 18

  • Partnership Package:
    • Form IA 1065 has been approved for e-file.

Illinois Update 12

  • Individual Package:
    • An update prevents reject "DRKPARSE" on element "TotSEAmountLessDeduction."
    • EF Message 0652 is now produced when line 2, "Taxable interest," column B, of IL Schedule CR is greater than line 2, column A.
  • S Corporation Package
    • EF Message 0345 is now produced when an amount is present on line 13 of Form IL-2220 and there is no Form W-2G or Schedule K-1 information in the return.

Kentucky Update 8

  • S Corporation and Partnership Packages:
    • "Form 740NP-WH" and "All Forms PTE-WH" have been added under the "Forms to Suppress" section on KY screen PRNT.
  • Individual Package:
    • More than one KY Form Ol-3 present in a return can now be e-filed.
    • The program no longer closes unexpectedly when calculating certain returns in the Individual package.
    • KY Form OL-3 is now displayed on the Client Results Letter when KY Form 725 is present in the return.

Louisiana Update 5

  • Partnership Package:
    • The intended amount and description of "Section 754 Depreciation/Amortization" is now produced on Schedule C of LA Form IT-565-2D. Prior to this update, the amount was doubled.
  • Individual Package:
    • LA Form IT-540B-2D has been approved for printing.

Maryland Update 9

  • S Corporation and Partnership Packages:
    • Data from the federal ES screen now flows to line 21 of MD Form 510.
  • Individual, Corporation, S Corporation, and Partnership Packages:
    • MD Form 1, Form 2, and Personal Property Returns have been approved for printing and paper-filing.
  • Corporation Package
    • A check box was added to MD screen 1, (General Information), for indicating a corporation's first filing.
  • Individual, Corporation, S Corporation, and Partnership Packages:
    • Form EL101B has been updated to allow electronic signatures.
  • Individual Package:
    • The limit taxpayers can claim on line u, "Military Retirement Income," of Form 505SU has been updated to $20,000 if the taxpayer is older than 55 at the end of the tax year.
    • MD Earned Income Credit is now calculated using the federal EIC but disregarding the minimum age requirement when the check box is marked on MD screen 1.

1065 Program Update 17

  • General program update.

Nebraska Update 6

  • Individual Package:
    • The override field on line 28, "Social Security included in Federal AGI," of NE screen SCH1 now functions properly.
  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • The Form 3800, Worksheet RD, Research Tax Credit Worksheet Attachment has been updated to the latest version.

New Mexico Update 8

  • Partnership Package:
    • PTE returns are approved and eligible for e-file.

New York Update 13

  • S Corporation Packages:
    • EF 0710 is now produced when an amount is entered on a line for unsupported credit forms on NY screen SH4 or SH5.
  • Individual Package:
    • EF Message 323 is no longer produced when NY Estimated Tax Worksheet
    • Form IT-2105 (NYES_WK) is present in the return. 
    • EF Message 323 is no longer produced when NY Form IT-267 is present in the return.

Oklahoma Update 8

  • Individual Package:
    • EF Messages for page 2 of Form 561 are now generated only when page 2 is printed.
    • An update resolves reject "DRKPARSE" on element "Secondary."

Oregon Update 9

  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Only one of the following check boxes can now be selected on OR screen CAT:
      • Withdrawn"
      • "Dissolved"
      • "Merged or reorganized"
    • An EF Message is now produced when a code is selected on OR screen EXC but no amount is entered.
  • Individual Package:
    • e-Sign functionality has been added for Form OR-EF.
    • The address override fields on OR screen SP now function properly.
    • An EF Message has been added to the program, preventing OR superseded returns from being e-filed. Corrected OR returns must be sent as amended returns.

General Program Update 22

  • The keywords "City Income Tax Amended Zero Due Paragraph" and "City Other Tax Amended Zero Due Paragraph" now function properly for Client Results letters for paper-filed amended returns.

1120 Program Update 18

  • General program update.

Rhode Island Update 6

  • Individual Package:
    • An update prevents reject "DRKPARSE" on element "AmPropTax" on Part 3 of Form RI-1040H. Preparers should recalculate and retransmit affected returns.
  • Corporation, S Corporation, and Partnership Package:
    • The intended due date for RI PTET returns is now produced on the RI Results Letter.
  • Individual Package:
    • Pension amounts entered on federal screen 1099 with "M - military" selected from the "Pension type" drop list are no longer included in the calculation on line T, "Modifications for taxable Retirement income ...," of R Schedule M.
    • The "city of legal residence" selected on RI screen 40 now flows as intended to the "City or town of legal residence" box on Form RI-1040.

1120S Program Update 19

  • General program update.

South Carolina Update 9

  • Individual Package:
    • An update prevents reject "DRKPARSE" on element "Spouse" when amounts are entered on SC screen 2 with "S - Spouse" is selected from the TSJ box on Married Filing Separately returns. 
    • Form SC2210 has been approved for filing by the SC DOR.
    • An update prevents reject "DRKPARSE" on element 'OtherNonRefundableCredits.' Negative amounts are no longer allowed in the "Non-refundable credits" section on Form SC1040.
  • S Corporation and Partnership Packages
    • An update prevents reject "DRKPARSE" on element "TotalActiveTradeOrBusIncome." Negative amounts are no longer allowed on lines 14-17 of SC Form I-435.

990 Program Update 17

  • General program update.

Texas Update 3

  • Individual, Corporation, S Corporation, Partnership, Fiduciary, and Tax Exempt Packages:
    • An update resolves reject "DRKPARSE" on element "Country."
    • Text regarding EFT or non-EFT filer extension determination has been added to TX screen EXT.
    • The watermark has been removed from TX Form TX01-137, and is now approved for printing.
    • Texas Franchise Tax Computation Report (TX05169) is now produced when intended.

Virginia Update 9

  • S Corporation and Partnership Packages:
    • The VA filing instructions and client result letter now include the message that the VA return reflects neither a refund nor a balance due when appropriate.
    • The VA filing instructions no longer include the message, "A complete copy of the federal return will be e-filed along with Virginia."

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