Screen MNTPWC - Minnesota Tax Projection (1120)

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Overview

Use this screen to enter information you expect to be different for the next tax year. The application uses this data to calculate the Minnesota Tax Projection Worksheet. This worksheet is based on current law and next year’s tax law differences (when known). Enter only the items you expect to be different for the coming year. If you do not expect a difference, leave the field blank to allow the current-year amount to automatically transfer to the next-year column of the Minnesota Tax Projection Worksheet. However, fields that are marked with an asterisk (*) in the MNTPWC Screen will not automatically transfer the current year amount.

Tax and Payments

2024
overpayment credited to
2025
(Force)
Enter the amount of current year overpayment that will be credited to next year. If this field is blank, the application defaults to the credited to next year’s estimated tax amount from the current year return.
2025
estimated payments (Force)
Enter the total amount of estimated tax payments that are projected for next year. If this field is blank, the application defaults to the sum of any payments reported on the Estimated Tax Payments Worksheet, plus any additional amounts paid that are reported under the Next Year Estimates Paid column of the MNEst Screen.

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