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DRAKE FORM 1040 DATA ENTRY PROBLEM!

  • 1.  DRAKE FORM 1040 DATA ENTRY PROBLEM!

    Posted 03-28-2019 13:12
    ​YESTERDAY I DISCOVERED A PROBLEM WITH THE FORM 1040 DATA ENTRY FOR POSTING FROM A 1041 K-1 ONTO THE DATA ENTRY FORM K1F (FIDUCIARY K-1) WHEREIN THE CODES FOR SECTION 14  OF THAT SCREEN (SCREEN 12-14-page 2) ARE INCOMPLETE AS TO THE INFORMATION NECESSARY FOR A FORIEGN TAX CREDIT TO CALCULATE AND POST .
    YOU HAVE TO USE FORM 1116 OF THE 1040 DATA ENTRY TO POST THE DATA.
    SOME OF THE CODES THAT ARE MISSING ARE CODE "B" AND CODE "Z" AND THERE MAYBE OTHERS IN THAT SECTION.​

    DRAKE REPRESENTATIVE SAID THAT THEY WILL WORK ON CORRECTING THE PROBLEM!

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    Sol Wakstein
    SOL WAKSTEIN, CPA MBA
    Boca Raton FL
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