2024.01.16 - Drake23 Updates
General State Update
2
- Fiduciary Package:
- ME worksheet MEWK_1AS has been added to Setup > Pricing.
- Individual Package:
- MN worksheet MNWK_QRB, Qualified Retirement Benefits Worksheet, has
been added to Setup > Pricing.
Massachusetts Update
3
- Individual Package:
- The limit amount on line 2, "Homeowners only, enter assessed value
of principal residence as of January 1, 2023," of MA Schedule CB
has been updated.
-
Fiduciary Package:
- MA Long-Term Capital Losses Applied Against Interest Worksheet (MA
2WKLLT) is now produced when the following occurs:
- An amount greater than "0" (zero) is present on line 28, page 2,
of MA Scheduled B
- An amount is present on line 13, "Long-term capital gains on
collectibles..," of MA Schedule B
- The check box on line 29, "Net Part A 8.5% and 12% capital gain
income taxable to fiduciary," of MA Form 2 is now marked as
intended when there is an amount greater than "0" (zero) on line 13,
"Net Part B 5.0% income taxable to fiduciary," of MA Form 2.
- The following MA forms are now approved for e-filing:
Michigan Update 2
- Individual Package:
- The Tier 2 Michigan Standard Deduction will now be calculated on
MI Schedule 1 (Form 3423) when the spouse is the older of the
taxpayer and spouse and qualifies for the deduction.
- The text on line 7b of MI Worksheet 2: Tier 2 and Tier 3 Michigan
Standard Deduction (MIWK_2) has been updated.
Minnesota Update 2
- Individual Package:
- The amount from line 33, "Subtraction for one-time refund," of
MN Form M1PR is now included on line 10, "Total other subtractions,"
as expected.
- The field "Total qualified public service-related pension payments"
has been added to MN screen M. When data is entered in this field,
M1M Worksheet Line 29 is produced.
- The Minnesota Child Tax Credit on Schedule M1CWFC will now be
calculated on returns that have no earned income but otherwise
qualify for the credit.
- Dependents with a relationship of "Grandchild" will now be marked
as a "qualifying child" or "qualifying older child" on Schedule M1DQC.
North Carolina Update 2
- Partnership Package
- Taxes are no longer calculated on line 18 "Tax Due," section C of
Part 4, on NC Form D-403 for partners who are NC residents.
New Jersey Update
1
- Individual Package:
- Amounts have been updated on the following lines of NJ Worksheet L:
- Line 7, "Enter the amount listed for the size of your tax
household," of Part II
- Line 12, "Enter the amount listed for the size of your tax
household," of Part III
- NJ Worksheet L, Shared Responsibility Payment Calculation (NJ WKL),
has been updated to the latest version.
- The penalty is no longer produced on line 53c, "Shared
Responsibility Payment," of NJ Form NJ-1040 when NJ screen EZE is
completed.
- e-File specifications have been updated per recent NJ guidelines.
- The field "NJ Ovarian Cancer Research Fund" has been added to NJ
screen CON.
- NJ 2D barcode specification have been updated, and the following
NJ forms have been approved for e-file:
- NJ-1040-ES
- NJ-1040NR
- NJ-1040-NR-V
- NJ-1040-V
- NJ-1041
- NJ-1041-V
- NJ-630-V
- NJ-EZ
- S Corporation Package:
- The amount entered on Part V, Line E, "Share of Pass-Through
Business Alternative Income Tax," on NJ screen K1 now flows as
intended to column E, part V, page 10, of NJ Form CBT-100S.
- Negative numbers are no longer allowed on line 43, "Allocated
Entire Net Income," page 4, of NJ Form CBT-100S, preventing
reject "DRKPARSE."
Ohio Update 5
-
Individual Package:
- An update prevents reject "DRKPARSE" on element "NonResidentCredit."
- Fiduciary Package:
- OH Form IT 1041 has been approved for printing.
Oklahoma Update
1
- Individual, Corporation, S Corporation, Partnership, and Fiduciary
Packages:
- The OK Individual, Corporation, S Corporation, and Partnership
packages have been approved and activated for e-file. The watermark
has been removed from OK Forms 513 and 513-NR.
General Program Update 5
- 2022 "Fee override" data entered on screen 1 now updates correctly to
the following fields in Drake Tax 2023:
- "Fee" on screen ADMN
- "2022 prep fee" on screen MISC
- Applicable 2022 state ID numbers entered on screen W2 (states whose
DORs do not allow state ID numbers to be updated from year-to-year)
are no longer updated to screen W2 in Drake Tax 2023.
Washington Update
1
- Individual Package:
- e-File specifications have been updated per WA guidelines,
preventing reject "DRKPARSE" on element "AuthenticationHeader."
- An update prevents reject "DRKPARSE" on element
"NoUBADisbursementCdSubmit" when "Mail Check" is selected on
WA screen MAIN.
- An update prevents reject "DRKPARSE" on element
"NoUBADisbursementCdSubmit" when "Prepaid Debit Card" is
selected on WA screen MAIN.