Installment Sale

Prepare amendments to tax returns using the Data Entry menu to access the 1040X Amended Return screen.

Learn how to enter expenses for automobiles used in trade or business.

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.