Amended Return
Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen. [CC]
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Calculate the qualified business income (QBI) deduction for income deriving from 1065 and 1120S income reported on Schedule K-1. [CC]
Advance CTC payments must be reconciled on the 2021 tax return. Excess advance payment amounts received will be required to be repaid in certain circumstances. To reconcile amounts received for the advance child tax credit, entries must be made on the 8812 screen in Drake Tax 2021.
Entering an installment sale in Drake Tax