Apply an overpayment portion to next year's estimated tax when none is due
- In the Overpayment section on theEstTorEstPFscreen, enter5or8inApplication of current year overpayment.The application applies the amount inAmount for code 5 or 8to next year's estimate.
- In the Form 990-W section, enter5inNext year declaration.
- InAmounts for code 5 or 9, or next year's payments made: 1st, enter the amount entered in the Overpayment section.noteWhen you use overpayment application code 8, enter the amount that you want to have applied to next year. IfNext year declarationis blank, the estimate worksheet or vouchers don't calculate. You'll need to enter a code inNext year declarationto calculate estimates.
