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Can Self Employment tax FUTA & SUTA paid be reported as estimated tax paid in "other taxes" category in Turbotax for personal return (1040)?

I received most of my income from 1099NEC or 1099misc as a sole proprietor.  In 2020, I had a CPA filed for FUTA & SUTA (Federal & state unemployment tax)  in Form 940 & 941 for myself. 

 

Some information I read in the forum said that these prepaid FUTA & SUTA tax would be entered as Estimated tax paid under the "other taxes" category of Turbotax when filing for the 1040 personal return.  

 

Can anyone comment on this?  

 

Also, the FUTA and SUTA were filed with a federal EIN I applied for whereas my personal estimated tax paid was probably associated with my Social security #; would that be a problem in the IRS or state system not recognizing the FUTA in my personal return?

 

Thank you.

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1 Reply
ThomasM125
Expert Alumni

Can Self Employment tax FUTA & SUTA paid be reported as estimated tax paid in "other taxes" category in Turbotax for personal return (1040)?

The federal and state unemployment taxes are not associated with your personal tax return, except with respect to the fact that they are deductible as expenses against your business income reported on schedule C.

 

They should not be entered as estimated taxes, since that would mean they would be applied towards your personal income tax, which is not allowed.

 

 

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