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Level 1
February 2, 2026
Question

S Corp estimated tax apply refund

  • February 2, 2026
  • 1 reply
  • 2 views

Hello, first time user of Proconnect.  I was working on an 1120S, and the state is IL.  The company made estimated payments which is now resulting in a refund.  I want to apply the refund to 2026, but when I indicate that in the software, it does not affect the form.  It is still refunding the money.  Any thoughts?

1 reply

Intuit_Kallana
Level 7
February 3, 2026

Hi, on the Estimated Tax Screen --> Next Yr. Estimates, you will set the top box "Credit to 2026" to either 5 or 6 if you want it to apply the entire refund.  You can then also enter the amount in the amount of overpayment to apply to 2026.  If you still have issues, please contact us ProConnect Support.