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Enter a state prior-year overpayment applied and a state tax refund

When you enter a state prior-year overpayment for a client, UltraTax CS includes the amount as a deduction on Form 1041, Page 1, line 11 and uses the amount on the state return as a payment toward the current tax. To enter a state prior-year overpayment applied and a state tax refund, do the following:
  1. In the client's return, open the
    StPmt
     screen in the
    Payments
     folder.
  2. Enter the state prior-year overpayment information in a section in the input screen.
  3. Open the
    Income
     screen in the
    Income
     folder.
  4. Enter the total amount of the state tax overpayment (not just the portion applied to the next year) as other income in the statement window for the
    Other income
     field.
  5. Enter a postal code in the
    Postal Code
     column in the statement window.
  6. Enter the code
    2
     or
    5
     in the
    State Use
     column in the statement window.
  7. Select
    Done
     to close the statement window.

This article applies to:

  • Product: UltraTax CS
  • Return type: 1041 Fiduciary
  • Subject: Payments
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