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Screen OKEst - Oklahoma Estimates (1040)

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Overview

Use this screen to complete portions of Forms 511, 511-NR, OW-8-ES, and the Oklahoma Estimated Tax Worksheet. If the information transferred from UltraTax/1040 doesn't require additional data or coding, UltraTax/1040-OK shows it on the form only, not in the screen.
note
State payments are entered in the federal
St Pmt
 screen so the amounts transfer to federal Schedule A. If you enter payments for Oklahoma in more than one of the four sections provided in the federal
St Pmt
 screen, be sure to use the same fields for each section. For example, if you use
Enter total, or
 in one section, use
Enter total, or
 for all sections that pertain to Oklahoma. Similarly, if you use the
1st-5th
 fields, enter amounts in the payment fields for all sections used for Oklahoma.

Overpayment Application

Use this section to apply any
2025
 overpayment to
2026
's estimated tax payment.
Application of
2025
 overpayment
These code options are the same as those in UltraTax/1040. They instruct UltraTax CS on how to apply any
2025
 overpayment. Your decision affects what is printed on Page 2 of the return and the calculation of
2026
's estimated tax payments.
New clients and converted clients may benefit from global options. Go to
Setup
,
1040 Individual
,
Oklahoma
 tab. Select
New Client Options
, and enter the code or codes with which newly created and converted client returns calculate. These screen fields transfer the global choice to newly created and converted clients. The transferred codes may be changed in these fields if necessary without being replaced by the global choice made in the
New Client Options
 window. These fields are proforma'd from year to year; therefore, only newly created and converted clients are affected by global options.

Estimates - Calculated

To calculate the estimated tax liability and required payments for
2026
, enter
2
 through
8
 in
Application of
2025
 overpayment
 or make an entry in
Estimates - declaration for
2026
.
Estimates - declaration for
2026
These codes are the same as those in UltraTax/1040. They tell UltraTax CS which method to use to determine the amount of the next year's estimated tax. If you enter
2
 through
8
 in
Application of
2025
 overpayment
, UltraTax CS defaults to option
1
 in
Estimates - declaration for
2026
. If both of these fields are blank, UltraTax CS
does not
 generate estimate vouchers or filing instruction information.
Amounts for code 5 or 9
If you enter code
5
 in
Estimates - declaration for
2026
, enter the quarterly payments. These amounts are adjusted by the overpayment applied and print on the vouchers.
If you enter code
9
 in
Estimates - declaration for
2026
, enter the quarterly payments. These amounts aren't adjusted by the overpayment applied.
Amounts for
2026
 estimates paid
Enter any estimate payments already made toward the next year. These amounts and the applied overpayment subtract from the calculated quarterly gross estimated tax liability to determine the net voucher amounts.
Tax projection options for code 8
If you enter code
8
, Use tax from Tax Projection Worksheet, in
Estimates - declaration for
2026
, select an option to customize the tax used to calculate next year's estimates. UltraTax CS automatically adjusts the projected tax liability based on the option you select. To produce a specific refund amount, enter that amount in
Amount of refund desired
.
Number of
2026
 vouchers desired
The number of estimate coupons defaults to
4
. Enter a code to specify fewer than four coupons. The overpayment and amounts paid toward
2026
's estimates are applied to each coupon based on the overpayment code, and the quarter in which the amounts were paid.
Amount to round up each estimate
This field lets you enter rounding specifications for the estimated payments. The estimated payments can be rounded up to the nearest factor indicated. For example, to round up each estimated payment to the nearest $10, enter
10
. If this field is blank, UltraTax CS automatically rounds each estimated payment up to the next dollar.
Treat 4th quarter estimate as due on 12/31/
2026
Use this field to indicate in the filing instructions that the fourth quarter estimate is due by 12/31. A global default is available for all new clients for all state returns. Select
Setup
,
1040 Individual
,
Federal
 tab,
New Client Options
, and enter
X
 in
Treat the 4th quarter state estimate as due on December 31st
.

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