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CCH Axcess Tax

Tax Projector

Use the Tax Projector worksheet to request the tax projection summary and the projected federal forms and schedules. The tax projection summary and the projected federal forms and schedules are calculated using existing 2020 return data, overridden or adjusted with entries on the Form 1040 Line Adjustments/Overrides and Schedule A Line Adjustments/Overrides sections, and applying new legislation.

The tax projection consists of a 2-year summary comparison of the tax liability calculation, projected government forms, a 2-year rate comparison and a list of assumptions and explanations.

The following projected government forms, where applicable, print for informational purposes only:

• Form 1040
• Qualified Business Income Deduction Worksheet
• Capital Gain Tax Worksheet
• Schedule A
• Schedule SE
• Form 6251
• EIC Worksheets
• Form 8615
• Form 8959
• Form 8960
• Form 8962

A full projection may be requested with an entry in the Return Configuration Set or with an entry on the Tax Projection worksheet, General Information section, Prepare the tax projection field. The the Return Configuration Set entry is overridden with an entry on the Tax Projection worksheet, General Information section, Prepare the tax projection field. The projection prints in the accountant's copy of the return.

Government view overrides made on 2020 government forms also carry to the projected form(s).

Use the Tax Projector worksheet, Form 1040 Line Adjustments/Overrides section to override or adjust line items on the projected Form 1040.

Use the Schedule A Line Adjustments/Overrides section to override or adjust the projected Schedule A.

Use the Schedule D/Form 4797 section to override or adjust Schedule D and the projected amount of ordinary gain (loss) for Form 4797.

Use the Form 6251 Information section to adjust the projected Form 6251.

Use the Form 8962 Information section to adjust the projected Form 8962.

Use the Qualified Business Income Deduction section to adjust the projected Qualified Business Income Deduction Worksheet.