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Drake Tax Update Notes
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18551: 2024.04.26 - Drake23 Updates
18551: 2024.04.26 - Drake23 Updates
6 Months Ago
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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