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New Member
posted Feb 8, 2021 8:38:26 PM

I have an overpayment for 1401 federal since March from last year. Can I claim that on this years return?

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1 Replies
Expert Alumni
Feb 9, 2021 11:52:22 AM

I'm not sure.  What was the 1401 overpayment.  Is this a dollar amount for an Estate or Trust tax return?

 

If this is a 1041 for an Estate or Trust the overpayment would be Refunded or posted to your 2020 (1041) tax return as an estimated payment for 2021.