Apply an overpayment portion to next year's estimated tax when there is no estimated tax due
To apply a portion of an overpayment to next year’s estimated tax when there is no estimated tax due, complete the following steps.
- In the Overpayment section on theEstscreen in thePaymentsfolder, enter5in theApplication of current year overpaymentfield.
- Enter the amount to apply to next year’s estimates in theAmount for code 5 or 8field.
- In the Form 1041-ES section, enter5in theNext year declarationfield.
- Enter the same applied overpayment amount entered previously in theAmounts for Code 5 or 9: 1st paymentfield.
