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

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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:

  1. In the 2022 Overpayment Application section of Screen Est, enter 7 or 8 in the Application of 2022 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 2023 Estimates - Calculated section, leave the Form 1040ES - 2023 declaration field blank.

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