Drake Software User's Manual Tax Year 2011 Supplement: S ...

Override LocationScreen/Line Field Name Location of Information Being Overridden1120S1 S Corporation General Information screenItem I Number of shareholders at tax-year end Overrides number of K1 screens in return.Preparer feeOverrides the system's fee calculationFirm # Overrides the program default setting (1).Preparer # Overrides the program default setting (1).Data entry op #ERO numberDED - DeductionsInsuranceOverrides the login name.Overrides the selection made from the ERO SSN Indicator droplist at Setup > Options, EF tab.Overrides the other insurance amounts below.1 State income taxesOverrides state income taxes calculated from informationentered on ES screen using code IN.2 State franchise taxesOverrides state franchise taxes calculated from informationentered on ES screen using code FR..Tax & Payments (bottom of page 1 of Form 1120S)23a Current-year estimated tax payments Overrides payments made as entered on ES screen.23b Tax deposited with Form 7004Overrides amount entered on 7004 screen: Amount paid withextension.27 Amount to be credited to next year's estimated tax Overrides overpayment amount as entered on ES screen.Form 1125-A - Cost of Goods Sold5 DepreciationOverrides calculated amount for entries on 4562 detail screendirected to the COGS in the Form selection box.Schedule K-1 - Shareholder's Share of Income, Credits, Deductions, etc.Amounts entered on the K1 screen override the amountsautomatically calculated by the K screen.Shareholder's Adjusted Basis Worksheet5 Less: Non-taxable distributions15 Loans repaid by corporation during the year97a7bAllowed Decreases for Losses and Deductions Items a-pNondeductible expenses and credit adjustmentsOil and gas depletionSchedule L - Balance Sheet - Assets3(b)3(d)10a (a)10a (c)10b (a)10b (c)12 (b) Land12 (d) Land13a (a)13a (c)13b (a)13b (c)InventoriesInventoriesDepreciable assetsDepreciable assetsLess accumulated depletionLess accumulated depletionIntangible assetsIntangible assetsLess accumulated amortizationLess accumulated amortizationOverrides WorksheetOverrides the calculations from Schedule K or the overrides inSchedule K-1.Overrides the calculations from Schedule K or the overrides inSchedule K-1.Overrides the calculations for column F of shareholder's basisworksheet, page 2.Overrides the calculations for column F of shareholder's basisworksheet, page 2.Overrides the calculations for column F of shareholder's basisworksheet, page 2.Overrides entries from screen A - Cost of Goods Sold, line 1Inventory at beginning of year.Overrides entries from screen A - Cost of Goods Sold, line 7Inventory at end of year.Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).Overrides calculations from on the 4562 detail screen or theSubsidiary Schedule for the Balance Sheet (SCH2 screen).