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 the

Est

screen in the Payments
folder, enter 5
in the Application of current year overpayment
field.

Enter the amount to apply to next year’s estimates in the Amount for code 5 or 8
field.

In the Form 1041-ES section, enter 5
in the Next year declaration
field.

Enter the same applied overpayment amount entered previously in the Amounts for Code 5 or 9: 1st payment
field.

This article applies to: