Business Code Search
Quickly find business codes in Drake Tax. [CC]
Other videos in this category:
If a taxpayer received a coronavirus-related distribution in 2020 and that amount was entered in Drake Tax 2020, information from the 2020 return will update to 2021. If not, enter the 2020 information on the 915F screen in Drake Tax 2021.
Calculate the qualified business income (QBI) deduction for income deriving from Schedule C. [CC]
Generate the Foreign Tax Credit on Schedule B for foreign-source income that would normally be taxed by both the US and the country from which the income is derived.