Solved: I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?
Discuss
Discover
  • Community Basics
  • Connect with Others
  • Top Contributors
  • News & Announcements
    • Support
  • Turbo™
  • TurboTax™
    • Sign Up

    Why sign in to the Community?

    • Submit a question
    • Check your notifications
    or and start working on your taxes
    Announcements
    TurboTax has you covered during Covid. Get the latest stimulus info here.
    cancel
    Turn on suggestions
    Showing results for 
    Search instead for 
    Did you mean: 
    Williams2244
    New Member
    posted
    ‎June 6, 2019 8:02 AM
    last updated ‎June 06, 2019 8:02 AM

    I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?

     
    0
    3
    184
    Reply
    1 Best answer

    Accepted Solutions
    xmasbaby0
    Level 15
    Level 15
    ‎June 6, 2019 8:02 AM

    I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?

    You do not enter that on your 2017 federal return.  Federal taxes you paid for a previous year are not deductible on your federal tax return.

    There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon.  If you are filing in one of these states watch for the deduction when you prepare your state return.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

    View solution in original post

    0
    2
    183
    Reply
    3 Replies
    xmasbaby0
    Level 15
    Level 15
    ‎June 6, 2019 8:02 AM

    I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?

    You do not enter that on your 2017 federal return.  Federal taxes you paid for a previous year are not deductible on your federal tax return.

    There are six states that allow you to enter the federal tax you paid on your state return--Alabama, Iowa. Louisiana, Missouri, Montana, and Oregon.  If you are filing in one of these states watch for the deduction when you prepare your state return.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

    View solution in original post

    0
    2
    184
    Reply
    jmamataz3
    New Member
    ‎June 6, 2019 8:02 AM

    I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?

    Is North Carolina not one of the states that allows for this deduction?
    0
    183
    Reply
    xmasbaby0
    Level 15
    Level 15
    ‎June 6, 2019 8:03 AM

    I had to pay $2500 this year 2017 for a balance due on my 2016 federal tax return. How do I include that on my 2017 tax returns?

    No
    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
    0
    183
    Reply
    Dynamic AdsDynamic Ads
    v
    Privacy Settings