Calculating QBI for Schedule C income
Calculate the qualified business income (QBI) deduction for income deriving from Schedule C. [CC]
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Learn how to prepare some or all of your state extensions, by using the STEX screen. [CC]
The DD screen allows you to set up direct deposit into a taxpayer’s account by the IRS, state, and some city departments of revenue. [CC]
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.