New (tax) year, new help!

Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.

To apply a portion of an overpayment to next year’s estimated tax when there is no estimated tax due, complete the following steps.

1. In the Overpayment section on Screen Est in the Payments folder, enter 5 in the Application of current year overpayment field.
2. Enter the amount to apply to next year’s estimates in the Amount for code 5 or 8 field.
3. In the Form 1041-ES section, enter 5 in the Next year declaration field.
4. Enter the same applied overpayment amount entered previously in the Amounts for Code 5 or 9: 1st payment field.

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