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Virtual Currency

Answer the virtual currency question on Forms 1040 and 1040-SR
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Calculating QBI for K-1 Income
Calculate the qualified business income (QBI) deduction for income deriving from 1065 and 1120S income reported on Schedule K-1.
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The Drake Tax FAFSA Worksheet helps your clients collect information needed when filing for federal student aid.
8915 F 2020 Coronavirus Distributions for 2021 Tax Returns
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.