18508: 2024.04.03 - Drake23 Updates

Arkansas Update 13

• Individual Package:
  • The amount entered on line 5, "Interest income," of federal screen K1P is no longer included in the amount that flows to line 19, "Rents, royalties, partnerships, estates..." page 2, of Form AR1000F.
  • An update prevents reject "DRKPARSE" on element "TaxableARGainOrLoss."
  • EF Messages 0265 and 0296 are no longer produced when a foreign address has been entered in the "Foreign ONLY" field on federal screen 2441.
  • An update prevents reject "DRKPARSE" on element "SchAR2106."
  • An update prevents reject "DRKPARSE" on element "EntityInfo."

Federal Program Update 29

• Passive carryforwards of "specified credits" reported on Form 3800, Part IV, line 4 are no longer included on line 4 in order to prevent passive credits from bypassing passive activity credit limitations calculated on Form 8582-CR. Previously filed returns that contain a passive carryforward for any of these credits should be reviewed for accuracy.

1041 Program Update 29

• Form 7205 is now available for e-file.
• Page 2 of Schedule D is now produced as expected when Form 5227 is present in the return and "1041 only" is selected in the "Federal e-File Override" section on screen EF.

Florida Update 7

• Corporation and S Corporation Package:
  • The tax rate has been updated to reflect the current rate on line 6 of the FL corporate short form, F-1120A.

Georgia Update 14

• Individual Package:
  • The preparer's PTIN rather than the SSN will be produced for the ERO or paid preparer on Part III of GA Form 8453.
• Fiduciary Package:
  • GA Form 501X has been approved and is now available for printing.

Hawaii Update 8

• Fiduciary Package:
  • The tax year on HI Form N-201V will now reflect the next tax year when paying an estimated tax payment.
• Individual Package:
  • EF Message 0049 is now produced when the amount on either line 7, "Renewable Fuels Production Tax Credit," or line 31, "Attach Form N-360," of HI Schedule CR is greater than "0" (zero).

1040 Program Update 35

• Form 7205 is now available for e-file.
• A new code selection (@) has been added to the "Special tax treatment" drop list on screen W2. Use this code to indicate that the amount in box 11, "Nonqualified plan," is not included in box 1, "Wages, Tips."

Indiana Update 15

• Individual Package:
  • Lines 1, 2 and 5 on IN screen NOL1 will now display as direct entry fields rather than override fields. Field helps have also been updated.

Maine Update 20

• Individual Package:
  • Return Note 42 is now produced when the amount entered on line 8, "Contributions to Qualified Tuition Programs," of ME screen SUB has been limited on ME Schedule 1S due to the federal AGI amount.
  • The amount on line 8, "Contributions to Qualified Tuition Programs," of ME Schedule 1S is now limited to "0" (zero) when the federal AGI is greater than the following:
    • $100,000 with a filing status of Single or Married Filing Separately
    • $200,000 with a filing status of Head of Household, Married Filing Jointly, or Qualified Surviving Spouse

Michigan Cities Update 21

• Individual Package:
  • MI Form CF-1040PV is now produced for the city of Big Rapids when e-filing the return.

Missouri Update 11

• Individual, Corporation, S Corporation, Partnership and Fiduciary Packages:
  • The intended "Due date" for St. Louis is now displayed as intended on the filing instructions.
• S Corporation Package:
  • EF Message 0039 is no longer produced when "0" (zero) is entered on line 3, "Other net rental income (loss)," of MO screen NRS.
• Individual, S Corporation, and Partnership Packages:
  • A maximum amount of $3,000 for the Medical Preceptorship Tax Credit is now produced on Form MO-TC when applicable.
• Corporation, S Corporation, and Partnership Packages:
  • Text on page 2 of MO Form RD-108 has been updated.

1065 Program Update 28

• Form 7205 is now available for e-file.

Ohio Update 29

• Individual Package:
  • An update prevents reject "OH 14.1." The city of Cincinnati no longer accepts payments with e-filed returns.
  • EF Message 0080 is now produced when "0"(zero) is entered in field 20, "Locality," on federal screen W2, preventing reject "OH-PIT-034."
  • The city of Indian Hill's tax rate has been updated for tax year 2023.
  • Text on OH Return Note 58 has been updated.
  • An update prevents reject "DRKPARSE" on element "FormORCTW2."
  • EF Message 0403 is now produced when a PDF attachment is required for scholarship donations.
  • The intended mailing address for OH Form IR-25 is now displayed on the Summary Letter.
  • Page 2 of OH Form 10A is now produced as intended.

General Program Update 34

• Information is no longer duplicated on the Client Results letter for PA local returns.

1120 Program Update 29

• Form 7205 is now available for e-file.
• EF Message 0330 is no longer produced when "Consolidated return (Form 1120 only)" is selected on screen M3.

1120S Program Update 30

• Form 7205 is now available for e-file.

990 Program Update 28

• Form 7205 is now available for e-file.