Disaster Relief for 2020
Use Form 8915-E to report distributions due to Coronavirus and other disasters.
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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.
Learn to compute the qualified business income (QBI) deduction for income originating from Schedule E.
Use the PMT screen to set up automatic fund withdrawal by the IRS, state, and some city departments of revenue.