Drake SmartExtract™
Turn client tax documents into return-ready data.
Make tax form entry faster and easier. Upload a PDF, confirm pulled data, and move on to review and filing – now available in beta for Drake Tax (Desktop) and Drake Tax Online.
More time for clients. Less time on Data Entry.
Save time during tax season.
Spend less time entering information from source documents and more time focusing on client service and return review.
Verify imported data before it populates in the return.
Extracted information can be reviewed and verified before being used in the return preparation process.
Seamlessly integrated into your existing Drake tax preparation workflow.
Drake SmartExtract is available in beta today using Drake Tax (Desktop) and Drake Tax Online.
Everyday tax forms — without the manual data entry.
Form W-2
Upload W-2s and review extracted wage and withholding information.
Forms 1099
Capture data from supported 1099 forms* and verify details before use.
*1099-INT, 1099-MISC, 1099-R, 1099-NEC, 1099-K, C1099 (DIV), C1099 (INT), C1099 (B)
Form 1098
Organize information from Form 1098 documents for faster review.
Schedule K-1 (Form 1065)
Extract information from Schedule K-1 (Form 1065) for faster return preparation.
From client PDF to return-ready data in four steps.
Upload tax documents
Data is extracted automatically
Review extracted data
Continue preparing the return
Try Drake SmartExtract™ (Beta) for free.
Drake Tax and Drake Tax Online users can try Drake SmartExtract at no additional cost during the beta and spend less time entering tax document data manually.
Drake SmartExtract™ (Beta) FAQs
Drake SmartExtract is an AI-powered tax document data extraction tool built for professional tax preparation workflows to reduce manual tax form data entry by extracting information from supported client tax documents for review in Drake Tax® and Drake Tax Online®. It reads supported PDF tax forms, extracts key fields, and organizes the data for review before it is used in a return. This tax document automation can reduce repetitive data entry while keeping the tax preparer in control.
Beta means that the product may contain defects and you may experience interruptions and changes to the service and necessary upgrades. Drake may discontinue Drake SmartExtract at any time, but it is currently available as a trial to Drake Tax and Drake Tax Online users preparing Tax Year 2025 returns. Drake SmartExtract is optimized for standard, machine-readable tax forms, so resolution, formatting, and legibility will affect extraction accuracy. Select tax documents are supported and preparers should review and verify extracted data before use. During the beta, SmartExtract supports up to 20 documents per return.
The beta is intended for eligible Drake Tax Desktop and Drake Tax Online users preparing Tax Year 2025 returns. Additional eligibility requirements, enrollment steps, usage limits, and availability may apply and may change during the beta.
Drake SmartExtract is available in beta for both Drake Tax and Drake Tax Online. To get started, select your tax software below to log in.
SmartExtract supports common tax documents such as Forms W-2 and 1098, supported Forms 1099, and other eligible source documents. Supported 1099 forms may include 1099-INT, 1099-MISC, 1099-R, 1099-NEC, 1099-K, and composite 1099 statements. During the beta, SmartExtract supports up to 20 documents per return. Support for additional tax forms, including Schedule K-1s, may vary as the beta expands. For the most current information, view the supported-document lists for Drake Tax Desktop and Drake Tax Online.
SmartExtract uses AI to identify and extract information from supported tax forms. Results can vary based on document quality and may be incomplete, inaccurate, duplicated, omitted, or mapped incorrectly. Tax professionals must review and verify all extracted data before using it to prepare a return.
SmartExtract is optimized for clear, machine-readable tax forms and high-quality PDF scans. Resolution, formatting, contrast, and legibility can affect extraction accuracy. For the best results, upload complete, unaltered documents with clearly readable text. Handwritten or poor-quality documents may require manual entry.
The workflow follows four steps: upload a supported tax document, let SmartExtract extract the data, review and verify every field, and continue preparing the return in Drake Tax Desktop or Drake Tax Online. SmartExtract assists with document ingestion and data entry; the tax preparer remains responsible for review and corrections.
No. SmartExtract does not prepare, review, approve, or file tax returns, and it does not provide tax, legal, or accounting advice. It extracts information from supported documents to assist with data entry. The preparer must verify the information and complete the return preparation and filing process.
Yes. SmartExtract operates within Drake Tax Online alongside connected tools including Drake Documents and Drake Portals, so you can stay within your existing workflow.
Eligible users can access SmartExtract at no additional cost during the beta period. The beta does not include the cost of Drake Tax Desktop or Drake Tax Online. Compare professional tax software plans and current options on the Drake Software pricing page. Beta terms, eligibility requirements, usage limitations, and availability details remain subject to change at any time and at Drake's sole discretion.
Beta participants will receive instructions for submitting feedback to the product team. Drake may change features, supported documents, eligibility, usage limits, pricing, functionality, and availability at any time and at its sole discretion.