18501: 2024.03.28 - Drake23 Updates

Alabama Update 13

• Partnership Package:
  • Amounts on lines 10 and 16 of Schedule K now include all appropriate amounts from the federal return.
• Individual Package:
  • Values entered on federal screen Income and sourced to AL (using the "ST" drop list) are now included in Alabama income and on the "AL40, Page 2, Part I, Line 8" worksheet (ALOTHER) for part-year resident filers.
  • Income from federal Form W-2G, when sourced to a Schedule C for professional gamblers (using the "Multiform code for Schedule C..." field on federal screen W2G), is no longer included in AL "Other income."

Arkansas Update 11

• S Corporation, Partnership, and Fiduciary Packages:
  • An update resolves the 'B' acknowledgment when filing Form AR1055-CR.

Federal Program Update 28

• An update prevents rejects "F8283-013-01" and "F8283-036."
• The "Date sold" entered on screen 4562 for 2024 Tax Planner scenarios is now used for calendar-year returns.

706 Program Update 5

• General program update.

1041 Program Update 28

• EF Messages and Return Notes have been added to assist with filing Form 8835.
• "Section 962 election" adjustments entered on screen 5 are no longer included on line 20 of Form 1116.
• Form 5227 is now available for paper file. e-File for Form 5227 is currently in development and will be released with a future update.

1040 Program Update 34

• EF Message 3042 is now produced when attempting to file a Married Filing Separately 1040-X return after the due date if the original 1040 filing status was Married Filing Jointly.
• EF Messages and Return Notes have been added to assist with filing Form 8835.
• "Section 962 election" adjustments entered on screen 5 are no longer included on line 20 of Form 1116.
• EF Message 1012 is now produced when an invalid amount is entered on line 55, "Some excess accumulations qualify for 10% tax rate," of screen 5329, preventing reject "F5329-005."

Illinois Update 16

• Individual Package:
  • Text has been updated on the IL NOL statement.
  • The correct calculation is now used for pre-2018 NOLs entered on federal screen LOSS. Post-2017 NOLs are limited to 80% and will not have any carryovers deducted.
• Partnership Package:
  • An update prevents reject "IL1065-12000-1."

Kentucky Update 13

• Individual Package:
  • KY Form OL-3EXT can now be e-filed when "S - Spouse" is selected from the "TS" drop list on KY screen OL3.
• Individual Package:
  • An update prevents reject "DRAKEPARSE" on element "Return Type." Preparers should recalculate and retransmit affected returns.

1065 Program Update 27

• "SA" (Special Allocations) links have been activated for screen V.
• Part VI of Schedules K-2 and K-3 is now available for entities filing Schedules I and I-1 (Form 5471), and EF Message 2098 is no longer produced.
• EF Messages and Return Notes have been added to assist with filing Form 8835.
• EF Message 0441 is no longer produced when an "Activity code" of "113110 - Timber Tract Operations" is selected on screen F.

North Dakota Update 11

• Individual Package:
  • An update prevents reject "DRKPARSE" on element "PSCCalculation."
  • EF Message 0091 is now produced when an amount is entered in the "Amount Contributed" column on ND screen PSC, but the Qualified school" column is blank.

New Jersey Update 12

• Fiduciary Package:
  • The intended amount is now calculated on Part II of Schedule NJK-1 when a percentage is entered on federal screen K1 and "Complex trust" is selected on federal screen 1.
  • The intended taxable interest is now produced on line 6a, "Interest," of Form NJ-1041.
• S Corporation Package:
  • An update resolves reject "DRKPARSE" on element "NumberofShares."

New York Update 20

• Fiduciary Package:
  • NY EF Message 7000 is no longer produced when a standard abbreviation for Canadian providences is entered in the address field on federal screen 1.
• Corporation and S Corporation Packages:
  • An update resolves reject "DRKPARSE" on element "TaxPeriodEndDt."
• Corporation Package:
  • An update prevents reject "DRKPARSE" on element "claimed."

General Program Update 32

• The interest amounts from accrued market discounts are now displayed as intended on the "Schedule B - Interest" Federal Supporting Statement.

Pennsylvania Update 19

• Individual Package:
  • PA screen OC has been updated for Web1040 users.
  • The IRC Section 529 Qualified Tuition Program Contribution limit has been updated to $17,000.
  • A watermark is now produced on BIRT ES Vouchers.
• S Corporation and Partnership Packages:
  • The amount on line 6, "PA Nonresident tax withheld," on PA20-S/PA-65 Schedule NRK-1 now flows as intended to line B, "Nonresident Withholding Payments...," of PA Schedule NW.
• Partnership Package:
  • Estimated tax payments entered on federal screen ES is now displayed on the Client Results Letter.
• Fiduciary Package:
  • The amount entered on line 1, "Total taxable income," of PA screen DD now flows as intended to line 8, "Total required to be distributed," on Form PA-41 Schedule DD.
  • The amount entered on line 1, "Total taxable income," of PA screen DD now flows as intended to line 8, "Total required to be distributed," on Form PA-41 Schedule DD.

1120 Program Update 28

• EF Messages and Return Notes have been added to assist with filing Form 8835.

Rhode Island Update 11

• Individual Package:
  • The address entered on federal screen 1310 now flows as intended to the "Address" line on Form RI-1310.
• Fiduciary Package:
  • RI Schedule M has been updated.
• S Corporation and Partnership Package:
  • An update prevents RI reject "48."
• Corporation, S Corporation, and Partnership Package:
  • The amount entered on line "Amount paid with extension" of RI screen EXT1 now flows as intended to line 9d, "Other payments," on Form RI-1120S.
• Partnership Package:
  • Check box "SMLLC" has been added to RI screen 1. This option allows Form RI-1065 to be e-filed without federal Form 1065.
• Fiduciary Package:
  • RI screen 3 has been updated.

1120S Program Update 29

• "SA" (Special Allocations) links have been activated for screen IV.
• Part V of Schedules K-2 and K-3 is now available for entities filing Schedules I and I-1 (Form 5471), and EF Message 2098 is no longer produced.
• EF Messages and Return Notes have been added to assist with filing Form 8835.
• The intended total for code "ZZ" is now produced on the "Form 1120S Schedule K-1 - Line 10" Schedule K-1 Supplemental Information Statement for all Schedules K-1.
• The "SA" (Special Allocation) links on screen 8825 now function as intended.

990 Program Update 27

• General program update.