User's Manual - Drake Software

Individual Entity Packages
Drake Software User’s Manual
Figure 14-3: Supply details to shareholders or partners on Supplemental Info tab
IMPORTANT
The “K-1 Rental Real Estate Activity” attachment (K1_8825) is not
transmitted when the return in e-filed. Preparers should present
this attachment to each shareholder or partner who receives a
Schedule K-1.
Fields Added to “Name/Address” Information
“Doing Business As” and “In care of” lines have been given separate data-entry fields
in the business packages to allow this info to flow to state forms. (Figure 14-4)
Bonus Depreciation
For the 2012 tax year:
Figure 14-4: “C/O” and “DBA” lines split in business packages
• Assets placed in service in 2012 — 50% bonus depreciation
• Assets placed in service in 2013 — 50% bonus depreciation
Data Entry Field Enhancements
On screens in the 1120, 1120S, and 1065 packages, where “Doing business as” and
“In care of” fields were combined in the past, these are now separate lines to allow this
information to flow through to certain state packages.
370 Tax Year 2012