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  • 1.  NYS PTET and DRAKE Tax Software

    Gold Most Valuable Member
    Posted 04-09-2022 07:39 PM
    Hi All,

    I'm having trouble getting the software to generate IT-653 and the credit on the personal tax return. I entered the information on screen NY 653 as instructed. What am I missing?
    As always, thanks for your assistance.
    Stay strong.

    Debbie

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    Deborah J. Zelen, CPA
    917-923-5331
    debbie@djzcpa.com
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  • 2.  RE: NYS PTET and DRAKE Tax Software

    Platinum Most Valuable Member
    Posted 04-09-2022 09:10 PM

    What software do  you use

     






  • 3.  RE: NYS PTET and DRAKE Tax Software

    Gold Most Valuable Member
    Posted 04-10-2022 09:59 AM
    I am using Drake software. It is not adding back the credit to FAGI and is not applying the credit. It's as if it simply does not exist. I may have to call them.

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    Deborah J. Zelen, CPA
    917-923-5331
    debbie@djzcpa.com
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  • 4.  RE: NYS PTET and DRAKE Tax Software

    Bronze Most Valuable Member
    Posted 04-10-2022 10:09 AM

    Hi Debbie. I use Drake as well. I had a similar issue. Check question E from the MISC tab in the state return. That should populate the form

     

    Thanks

     

     

     

     

     

     

     






  • 5.  RE: NYS PTET and DRAKE Tax Software

    Gold Most Valuable Member
    Posted 04-10-2022 10:23 AM
    Dominic,
    👏 Thank you. Thank you. Thank you.
    I knew the answer would be something obscure. 
    Have a great day.
    Debbie

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    Deborah J. Zelen, CPA
    917-923-5331
    debbie@djzcpa.com
    ------------------------------



  • 6.  RE: NYS PTET and DRAKE Tax Software

    Bronze Most Valuable Member
    Posted 04-10-2022 10:53 AM

    Your very welcome.

     

    Did it work?

     

     

     

     

     

     

     






  • 7.  RE: NYS PTET and DRAKE Tax Software

    Gold Most Valuable Member
    Posted 04-10-2022 03:30 PM
    YES!  Hence the applause.

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    Deborah J. Zelen, CPA
    917-923-5331
    debbie@djzcpa.com
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The opinions expressed are the views of the author alone and should not be attributed to any other individual or entity and shall not constitute an accounting opinion.