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Business Code Search

Quickly find business codes in Drake Tax.
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Foreign Tax Credit, Form 1116
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.
Amended Return
Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen.
Calculating QBI for Schedule E Income
Learn to compute the qualified business income (QBI) deduction for income originating from Schedule E.