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Drake Software User’s ManualEstimated Taxes4. Put check marks in the applicable boxes. If a row is selected, the parent’s data isexported to that dependent’s tax return in Drake.5. Click Export.6. Click OK.Click Exit to close the Export 8615 dialog box. The parent information is now readyto be imported into the dependent’s return.ImportingParentInformationAfter the 8615 data has been exported from the parent return, you will be prompted toimport the data the next time you open (or when you create) the dependent return.To import parent data into a dependent return:1. From the Home window, click Open/New.2. Enter or select the dependent’s SSN and click OK. You are asked if you want toimport the return data.3. Click Yes. The return is opened to the General tab of the Data Entry Menu.When you open the 8615 screen, you will see that the parent information has beenautomatically entered into all of the applicable fields as shown in the Figure 5-37example.Estimated TaxesFigure 5-37: Parent information has been imported into dependent’s 8615 screen.This section focuses on entering the following information into Drake:• Estimated taxes paid in 2008• Estimated payments for 2009• Estimated Tax Adjustments• Applying 2008 overpayments to 2009• Underpayment of estimated taxEstimated Taxes Paid in 2008Drake offers several ways to enter estimated tax amounts that were applied from the2007 tax return and paid in 2008. The preferred method is to enter quarterly and totalTax Year 2008 125