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18551: 2024.04.26 - Drake23 Updates


Drake Tax Update Notes

2024.04.26 - Drake23 Updates

 

Hawaii Update 10

  • S Corporation and Partnership Packages:
    • Schedule PTE has been updated to prevent reject HIPTE-002

Idaho Update 5

  • Fiduciary Package:
    • The intended percentage is now produced on line 17, "Idaho percentage," Schedule A, page 2, of ID Form 66.
  • S Corporation and Partnership Packages:
    • The amount on lines 9a, "Long-term capital gain," and 10, "Section 1231," on federal Schedule K-1 now flow as intended to line 13, "Net long-term capital gain (loss). Include 1231 gain," of ID Schedule K-1.

Louisiana Update 14

  • Individual, Corporation, S Corporation, Partnership, and Fiduciary Packages:
    • Electronic withdrawal will no longer be indicated on the transaction summary when filing an extension.
    • EF Messages 0021, 0188, and 0606 have been updated.

Maryland Update 19

  • Individual Package:
    • The intended amount is now produced on line 11, "Amount of pass-through entity tax attributable...," of MD Form 500CR.
    • The code "PM" is now produced in the "Part-Year resident" section of MD Form 502 when "Part year" is selected from the "Resident state" drop list on federal screen 1 and "M - Military" is selected from the "Special tax treatment" drop list on federal screen W2.
    • An update prevents the following rejects:
      • Form502CR-50328-010
      • Form502CR-50330-010
      • Form502CR-50410-010
    • Preparers must recalculate, review, and retransmit affected returns.
    • If the spouse does not have an SSN or ITIN present on federal screen 1, MD Forms 502 and 505 must be paper filed.
    • An update prevents reject "Form505NR-06510-010." Preparers should recalculate, review, and retransmit affected returns.
  • Corporation Package:
    • An update prevents MD reject "FORM500UP-41005-010." Preparers should recalculate and retransmit affected returns.

Rhode Island Update 15

  • S Corporation Package:
    • The election type drop list on RI screen K1 has been updated.

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