Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Can I apply a Illinois 1040-X overpayment to the next tax year?

efrandin
Level 2
For 2021, Line 37 would apply the refund as an estimated tax.  I am not able to reduce the amount of line 36 to perform the calculation.
0 Cheers
3 Comments 3
George4Tacks
Level 15

At the bottom of the input for IL-1040x enter a negative 1 (-1) for amount to be refunded.

Are you sure you want to do this? from the instructions:

To which tax period will my credit apply?
We will apply your credit to the tax period for which estimated
payments currently are due based on the date you file this 2021
return.
Example 1: You file your 2021 calendar year return on
October 6, 2022, which is before the last estimated tax due date for
2022 (January 17, 2023, for calendar year filers). You request your
$500 overpayment be applied against your estimated tax. We will
apply $500 to your 2022 estimated tax.
Example 2: You file your 2021 calendar year return on
February 3, 2023, which is after the last estimated tax due date for
2022 (January 17, 2023, for calendar year filers). You request your
$500 overpayment be applied against your estimated tax. We will
apply $500 to your 2023 estimated tax.


Here's wishing you many Happy Returns
efrandin
Level 2

Thanks.  I put zero instead of negative 1.  Looks like it removed the refund in the letter.

2023-01-20_08h15_46.png

But is not specifying which year it is being applied too.  It does this on the US 1040-X.

2023-01-20_08h17_35.png

0 Cheers
George4Tacks
Level 15

zero is a non entry. If you truly want a zero, use -1. It is that way throughout the whole program.


Here's wishing you many Happy Returns