Texas Dept Of Health Mrt Program: Full Version Software

With Drake, you can prepare any of the following return types. Form 1040 SeriesIncludes all states with personal income tax. Form 1065 Series - Partnerships.

Texas Dept Of Health Mrt Program: Full Version Software 2017

Prepare Form 1065 returns and partner Schedule K-1s. Items from Schedule K are automatically carried to the Schedule K-1 and partner basis worksheets, and prorated among partners based on ownership percentage.

When interests are transferred, you can indicate the new percentage. Amounts can be overridden as need. You can also track adjusted basis for each partner. State e-filing is available for Michigan SBT and Massachusetts. More states will be added as they begin to accept e-filed partnership returns.Form 1120S Series – S Corporations. Prepare 1120S returns and shareholder Schedule K-1s.

The Schedule K-1s can be exported to the shareholder’s 1040 return, eliminating double entry. Automatically carries items from Schedule K to the Schedule K-1s and prorates among shareholders based on shares owned. For share transfers, percentage is calculated based on days shares held by each shareholder. Amounts can be overridden as needed. You can also track adjusted basis for each shareholder.

Includes all states that require a return for an S corporation.