18489: 2024.03.23 - Drake23 Updates

Arkansas Update 8

• Individual Package:
  • The $6,000 retirement exclusion is now calculated as intended on line 18a, "Primary employer pension plan," and 18b, "Spouse employer pension plan," of Form AR1000F when the taxpayer and spouse are over the age of 59 and "Force $6,000 exemption" is selected on AR screen 1.
  • The amount on line 2, "Alimony received," of section "Schedule 1 - Part I - Additional Income" on federal screen INC now flows as intended to line 12, "Alimony and separate maintenance received," on Form AR100F.
  • The capital loss on line 12, "Total taxable Arkansas capital gain or loss," of Form AR1000D is now limited to $3,000.
  • The override amount entered on line 10, "State depreciation," of AR screen OI now flows as intended to line 10 of Form AR-OI.
  • An update prevents reject "DRKPARSE" on element "MarriedSeparateDifferent."
• S Corporation Package:
  • An update prevents reject "DRKPARSE" on element "ARTaxableIncome."
  • An update prevents reject "DRKPARSE" on element "OwnershipDetails."
  • EF Message 0259 is now produced when the description is missing on a worksheet created on an AR screen, preventing reject "DRKPARSE" on element "efile."
• Corporation Package:
  • An update prevents reject "DRKPARSE" on element "ARAllowableSection179Deduction."