Screen VATPWPTE
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Overview
Use this screen to enter information you expect to be different in the next year. The application uses this data to calculate the Virginia Tax Projection Worksheet. This worksheet is based on current law and next year tax law differences (when known).
Enter only the items you expect to be different for the coming year. If you don't expect the amounts to be different for the coming year, the current-year amounts transfer to next year. Any amounts marked with an asterisk (*) in the
VATPWPTE screen
don't transfer to the next-year column.Credits, Tax and Payments
Withholding tax due for nonresident owners (Force)
The application calculates the nonresident’s share of Virginia income by taking the projected Virginia income times the total withholding shareholder’s percentage. Use this field to replace this calculated amount, if needed.
2023 overpayment credited to 2024 (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 overpayment amount from the current year return.
