2024.01.13 - Drake23 Updates
Federal Program Update
4
1041 Program Update 4
- The check box "Do NOT update client to next year" has been added to
screen MISC.
1040 Program Update 5
- Gain from Form 8621 is now included on Schedule D (AMT), preventing
incorrect data from flowing to line 2k, "Disposition of property
(difference between AMT and regular tax gain or loss)," of Form 6251.
Illinois Update 2
- Individual Package:
- The Property Tax Credit and Education Expense Credit are no
longer calculated on IL Schedule ICR when the total income
is $250,000 (Single) or $500,000 (Married Filing Jointly).
General Program Update 4
1120 Program Update 4
- 2018 net operating losses (NOLs) entered on screen LOSS are now
correctly included in the post-2017 portion of the NOL limitation
calculated on the NOL Limitations Worksheet (WK_NOLLM).
1120S Program Update
5
990 Program Update 4
- An update resolves reject "F4720-035."