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Level 2
April 23, 2020
Solved

If I paid an estimated payment for my business in Illinois and I want to carry the credit forward, where do I enter the amount to be carried forward on the 1120S?

  • April 23, 2020
  • 1 reply
  • 17 views
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Best answer by itonewbie

When you have problem locating an entry, you are often able drill down from the form (as in this case from Line 64) or by typing in keywords in the search box in the left panel.

The input is under Payments, Penalties & Extensions > Estimated Tax, on the Next Yr. Estimates tab, on the line for Overpayment credit to 2020 (-1=all) {IL}.

1 reply

itonewbie
itonewbieAnswer
Level 15
April 23, 2020

When you have problem locating an entry, you are often able drill down from the form (as in this case from Line 64) or by typing in keywords in the search box in the left panel.

The input is under Payments, Penalties & Extensions > Estimated Tax, on the Next Yr. Estimates tab, on the line for Overpayment credit to 2020 (-1=all) {IL}.

---------------------------------------------------------------------------------Still an AllStar
George4Tacks
Level 15
April 23, 2020

Another not so easy to find entry:

 

Answers are easy. Questions are hard!
Level 2
April 25, 2020

Thank you for your help!