Screen VTTPW - Vermont Tax Projection (1040)

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Overview

Use this screen to enter information you expect to be different for the coming tax year. UltraTax CS uses this data to calculate the Vermont Tax Projection Worksheet based on current tax law and next year’s tax law differences (when known). Enter only the items that you expect to be different for the coming tax year. If you do not expect any amounts to be different for the coming year, the current-year amounts transfer to next year automatically. Any items marked with an asterisk (*) in the VTTPW screen don't transfer automatically to the next year column.

General Information

Print Tax Projection Worksheet
Enter
X
to force printing of the Vermont Tax Projection Worksheet with this tax return. The Vermont Tax Projection Worksheet prints if any information is entered in this input screen.

Tax and Credits

Use this section to enter the tax, additions and subtractions to tax, non-refundable credits, and use tax for the Vermont Tax Projection Worksheet.
Tax from tax table or tax rate schedule (Force)
Vermont tax is calculated based on entries or default values for federal tax in the previous section for the next year column of the Vermont Tax Projection Worksheet. Use this field to force Vermont tax if a different amount is desired.

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