Computing Taxable State Refund with AMT
Calculate the taxable portion of the state refund carry to next year's return when the taxpayers is subject to AMT. [CC]
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Calculate late federal filing penalties and interest using the Late Screen in Drake Tax.
Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen. [CC]
Drake Tax's SALT Limitation Worksheet breaks down the deductions for the $10,000 State and Local Tax Deduction. [CC]