You are here: Help Topics > Practice > Tax - USA > USA Tax year export

USA Tax year export

The following describes the enhancements included in the December 2021 update.

Tax packages

Updated the following tax packages to support the 2021 tax year:

  • CCH ProSystem fx® Tax
  • CCH Axcess™ Tax
  • GoSystem Tax®
  • Lacerte® Tax
  • UltraTax® CS

Tax export codes

Updated the following US 2021 tax export codes:

CCH Prosystem fx® Tax, CCH Axcess™ Tax

Tax Entity Code Description Change
Corporation 26.EF Meals & Entertainment (100% Allow) New code
M107B PPP Loans, EIDL, Oth COVID Grants New code
S Corporation 19.V Meals & Entertainment (100% Allow) New code
K16B.B PPP Loans, EIDL, Oth COVID Grants New code
Partnership 20.EF Meals & Entertainment (100% Allow) New code
K18B.B PPP Loans, EIDL, Oth COVID Grants New code

GoSystem Tax®

Tax Entity Code Description Change
Partnership K21L1 Foreign taxes paid New code and line change
K21L2 Foreign taxes accrued New code and line change
K16L1 Foreign taxes paid Convert to K21L1
K16L2 Foreign taxes accrued Convert to K21L2
K04 Guaranteed payments to partners - Services Description updated
K04B Guaranteed payments to partners - Capital New code

UltraTax® CS

Tax Entity Code Description Change
Corporation 26.EF Meals & Entertainment (100% Allow) New code
1125A05.G Meals fully deductible New code
RENT02 Meals fully deductible New code
RENT03 Meals subject to 50% limit New code
F32C.A Meals & Entertainment (100% Allow) New code
430H Meals fully deductible New code
S Corporation 19.V Meals & Entertainment (100% Allow) New code
K14B Gross income from all sources Delete
K14C Gross income sourced at shareholder level Delete
K14G Deduction-Shareholder - Interest expense Delete
K14H Deduction-Shareholder - Other Delete
K14J Deduction-Corporate - Listed category Delete
1125A05.I Meals fully deductible New code
RENT02 Meals fully deductible New code
RENT03 Meals subject to 50% limit New code
F32C.A Meals fully deductible New code
430H Meals fully deductible New code
Partnership 20.EF Meals & Entertainment (100% Allow) New code
K21L1 Foreign taxes paid New code and line change
K21L2 Foreign taxes accrued New code and line change
K16L1 Foreign taxes paid Convert to K21L1
K16L2 Foreign taxes accrued Convert to K21L2
RENT02 Meals fully deductible New code
F32C.A Meals fully deductible New code
M3330C.A Nondeductible expense subject to 2% P Delete
M3330A.A Nondeductible expense subject to 2% Delete
M3330B.A Nondeductible expense subject to 2% T Delete
M104.I Nondeductible expense subject to 2% Delete

Lacerte® Tax

Tax Entity Code Description Change
Corporation 26.EF Meals & Entertainment (100% Allow) New code
S Corporation 19.V Meals & Entertainment (100% Allow) New code
K14B Gross income from all sources Delete
K14C Gross income sourced at shareholder level Delete
K14D Foreign income sourced at corporate level - Passive Delete
K14E Foreign income sourced at corporate level - Listed category Delete
K14F Foreign income sourced at corporate level - General limitation Delete
K14G Deduction-Shareholder - Interest expense Delete
K14H Deduction-Shareholder - Interest expense Delete
K14I Deduction-Shareholder - Other Delete
K14J Deduction-Corporate - Passive Delete
K14K Deduction-Corporate - Listed category Delete
K14N Deduction-Corporate - General limitation Delete
Partnership 20.EF Meals & Entertainment (100% Allow) New code
K21L1 Foreign taxes paid New code and line change
K21L2 Foreign taxes accrued New code and line change
K16L2 Foreign taxes accrued Convert to K21L2
K16B Gross income from all sources Delete
K16C Gross income sourced at partner level Delete
K16D Foreign gross income sourced at partner level - Passive Delete
K16E Foreign gross income sourced at partner level - Listed category Delete
K16F Foreign gross income sourced at partner level - General limitation Delete
K16G Deduction allocation and apportionment at partner level - Initial expense Delete
K16H Deduction allocation and apportionment at partner level - Other Delete
K16I Deduction allocation at partner level to foreign service income - Passive Delete
K16J Deduction allocation at partner level to foreign service income - Listed category Delete
K16K Deduction allocation at partner level to foreign service income - General limitation Delete
K16M Reduction in tax available for credit and gross income all sources Delete

Visit us: www.caseware.com | Follow us: LinkedIn Facebook Twitter YouTube

© 2021 CaseWare International Inc. | Privacy | Terms of Use | Trademarks