Tax Projection Worksheet overview
The Tax Projection Worksheet uses the taxpayer's return data and recalculates income based on next year's law. In the
TPW
screen in the Review
folder, enter data only for items that you know will differ from current year amounts. note
Some items won't default to current year values because they are usually different from year to year. (For example, capital gains and moving expenses.) These items are denoted with an asterisk (*) next to the applicable field on this screen.
To default asterisk (*) fields to current-year amounts on an individual client basis, mark the
Default asterisk (*) fields to current year amounts
checkbox on the TPW
screen.To default asterisk (*) fields on a global basis, choose
Setup
, 1040
, Other Return Options
, then the Other
tab and mark the Default TPW * fields to current year amounts
checkbox.
