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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?

carmen-reynaga
Level 2
 
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itonewbie
Level 15

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}.

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Still an AllStar

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5 Comments 5
itonewbie
Level 15

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}.

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Still an AllStar
George4Tacks
Level 15

Another not so easy to find entry:

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Here's wishing you many Happy Returns
carmen-reynaga
Level 2

Thank you!

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itonewbie
Level 15

We're glad to be of help, @carmen-reynaga!

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Still an AllStar
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carmen-reynaga
Level 2

Thank you for your help!