1040-US: Applying a portion of an overpayment to next year's estimated tax when no estimated tax is due

Alerts and notices
Leave feedback

Internal Employees: Submit feedback

Contact information (optional):

Leave this blank:

Please tell us how we can make this information more helpful.


Characters left:

Change to CS Support service hours

Our Support department is closed on [[date]]. However, limited UltraTax CS phone support is available on that date from 9 AM - 5 PM ET due to the approaching deadline.

Links to our most popular tax processing topics are available in the Alerts and notices section on the right side of most pages.

Question

How do I apply a portion of an overpayment to next year's estimated tax when there is no estimated tax due?

Answer

To apply a portion of an overpayment to next year's estimated tax when there is no estimated tax due:

  1. In the 2016 Overpayment Application section of Screen Est, enter 7 or 8 in the Application of 2016 overpayment field.
  2. If using code 8, enter the amount you want applied to next year's estimate in the Amount for code #5 or #8 field. Mark the With code #7 or #8, do not calculate estimates checkbox.
  3. In the 2017 Estimates - Calculated section, leave the Form 1040ES - 2017 declaration field blank.

Related topic: Estimated taxes FAQs (1040)

Share This