2021.09.15 - Drake20 Updates
Arizona Update 41
- Partnership Package:
- The intended partner's portion of the partnership's research and development credit is now generated on line 4 of AZ Form 308-P, Credit for Increased Research Activities - Distribution to Partners of a Partnership.
- An update prevents reject "DRKPARSE" for elements "TotCompToEmp" and "TotOwndAndRentProp."
- S Corporation Package:
- Zeros are now generated as necessary in column C on Schedule A, page 2, of AZ Form 120S, Arizona S Corporation Income Tax Return, preventing reject "2050."
- Corporation Package:
- Data entered for "Schedule C - Explanation of Changes" on AZ screen X now flows as intended to Schedule C of AZ Form 120X, Arizona Amended Corporation Income Tax Return.
Federal Update 36
Indiana Update 18
- Corporation, S Corporation, Partnership, and Fiduciary Packages:
- The Indiana Corporate AGI Tax Rate Worksheet now uses the intended start date of July 1, 2021 for the 4.9% rate. Prior to this update, the 4.9% rate was calculated beginning June 1, 2021.
1065 Update 38
- An override field has been added to screen 6765 that permits the preparer to enter a member of a controlled group's proportionate share of the credit on line 17 or 34 of Form 6765 (whichever applies). The corresponding required statement is now available in the "Type of attachment/statement..." drop list on screen SCH.
New Mexico Update 13
- S-Corporation, Partnership, and Fiduciary Packages:
- Printing alignment has been updated for SSNs and FEINs in the "Owner's federal identification number" section of NM Form RPD-41359, Annual Statement of Pass-Through Entity Withholding.
General Update 51
- A statement for "Shares of Credit For Controlled Groups," associated with Form 6765, has been added to Setup > Pricing, item number 1682, in the 1065 package.