User's Manual - Drake Software

Drake Software User’s Manual
File Maintenance
5. When the conversion is complete, click OK.
Estate and
Qualified
Heir Returns
You can use a single SSN for two return types when a taxpayer requires a Form 1040
and one of the two return types listed below:
• Form 706, U.S. Estate (and Generation-Skipping Transfer) Tax Return
• Form 706-A, U.S. Additional Estate Tax Return
An SSN must already be associated with a return in the software before it can be
assigned to a second return type. To assign a single SSN to multiple returns:
1. From the Home window, select Tools > File Maintenance > Change File Type
to open the Convert Client Data File Type dialog box.
2. In the Enter SSN/EIN to convert field, enter the SSN to be assigned to a new
return type and click Continue.
3. The available return types are displayed. In Figure 11-8, the selected return is a
1040, so that option is disabled. Note that the 706 and 706-A options are in the
right-hand column.
Figure 11-8: Available return types are displayed.
4. Click an option to select it, and then click Continue.
5. When asked if you want to keep the original return in addition to the new return,
click Yes.
6. Click OK.
The SSN is now applied to both the original return and the new return. In the future,
when you enter the SSN to open a return, you will be asked which return you wish to
open. When you use other features of the program where SSNs are entered, you will
be prompted to indicate which return the program should use.
Importing Data from QuickBooks
Two main steps must be taken to import client data from QuickBooks into Drake: (1)
preparing the QuickBooks file, and (2) performing the import. Always back up Drake
files (see “Backup” on page 292) and the QuickBooks files before importing client
files.
Tax Year 2012 299