A 2019 Part-Year Resident of MA , who will be a full-year resident in 2020, is filing From 1-ES to make Estimated Tax Payments for 2020. I cannot change the check box on the Form 1-ES to make the taxpayer a Full-Year Resident, no longer a Part-Year Resident. I don't see any place in Lacerte to indicate that she will be a full year resident. How do I correct Form 1-ES, other than manually on the printed forms?
Best Answer Click here
This discussion has been locked. No new contributions can be made. You may start a new discussion here
Can't point you to the screen number since I'm away from my computer.
On the input for MA Part-Year/Nonresident Info, you'd find the toggle for Filing Massachusetts 1-ES for 2020 as resident.
You should also be aware that Lacerte will, by default, compute ES-Tax based on PY liability. Since prior year exception does not apply to part-year residents, you should annualize the income for ES-Tax projection.
Screen 55 > Massachusetts Part-Year/Nonresident > check box right above Legal Residence (if different)
Can't point you to the screen number since I'm away from my computer.
On the input for MA Part-Year/Nonresident Info, you'd find the toggle for Filing Massachusetts 1-ES for 2020 as resident.
You should also be aware that Lacerte will, by default, compute ES-Tax based on PY liability. Since prior year exception does not apply to part-year residents, you should annualize the income for ES-Tax projection.
You have clicked a link to a site outside of the Intuit Accountants Community. By clicking "Continue", you will leave the community and be taken to that site instead.