Screen KYTDEst - Tax District Estimates (1120)

Overpayment Application

The application uses the method selected to determine the amount of the next year’s estimated tax. The application defaults to option
1
to refund the entire amount. This is a multi-unit screen.
Code
Result
1
Refund 100 percent of the overpayment. This is the default.
7
Apply 100 percent of this year’s overpayment to next year’s estimates; provide no refund.
8
Apply amount specified in
Overpayment to be applied (Code 8)
to next year’s estimate. This lets an overpayment to be specified even when estimates aren't required or generated.

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