18466: 2024.03.11 - Drake23 Updates

District of Columbia Update 5

• Partnership Package:
  • EF Message 0063 is now produced when incomplete data is entered on DC screen 3RD, preventing reject "DRKPARSE" on element "Designee."

Delaware Update 6

• S Corporation Package:
  • The "fiscal year end" entered on federal screen 1 is now produced on line 2, "Fiscal or Calendar year end" of DE Form SCT-VCH.
  • "2024" will now be printed as the "Calendar or Fiscal Year Ending" DE Form SCT-TAX.

Iowa Update 27

• Fiduciary Package:
  • EF Message 0033 is now produced when data is missing on the"Designation For Tax Disclosure Information" section of IA screen 1, preventing reject "DRKPARSE" on element "DesigneeForTaxDisclosure."
  • An update prevents reject "DRKPARSE" on element "Form1041SchK1."
  • Negative amounts are no longer produced on lines 21, "Iowa income distribution deduction...," and 26, "Tax from tax rate schedule," of Form IA 1041.
• S Corporation Package:
  • An update prevents reject "DRKPARSE" on element "TaxPeriod."
• S Corporation and Partnership Package:
  • An amount is no longer produced on line 21, "Iowa Composite tax...,' Schedule K of Form IA1065 or line 1, "Iowa Composite tax paid....," on IA Schedule K-1 when "S - Suppress" is selected from the "Force/Suppress" drop list on IA screen PTEC.
• Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
  • An update prevents reject "DRKPARSE" on element 'PartIIPTETCreditsRcvd."
• Individual Package:
  • The intended amounts are now produced on line 7, "IRA/Pension/Railroad Retirement Income," and 11,"Other Income," Schedule 1 of Form IA 1040.

Kentucky Update 11

• Individual Package:
  • The override fields on line 3, "Federal depreciation," and line 12, "Kentucky depreciation," of KY screen M now functions as intended.

Maine Update 14

• Individual Package:
  • EF Message 0053 is now produced when the override amount entered on line 16, "Enter your total income," of ME screen PTFC does not match the amount on line 3, "Total income," of ME Schedule PTFC/STFC, preventing reject " ME1040-016."
  • The intended phase-out exemption deduction now functions has intended on Form 1040ME.
• S Corporation and Partnership Packages:
  • An update prevents reject "DRKPARSE" on element "Correspondence."

Nebraska Update 11 

• Individual Package:
  • When both taxpayer and spouse are both over 65 years old, both boxes will be checked on NE 1040N, Section 2(a).