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How do I add form SCHEDULE 5 (Form 1040) to my Turbo Tax?

 
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Level 15

How do I add form SCHEDULE 5 (Form 1040) to my Turbo Tax?

It is automatically added when it is needed.  What do you need to show up on schedule 5?  https://www.irs.gov/pub/irs-pdf/f1040s5.pdf 

 

Did you make a payment with an extension?

 

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New Member

How do I add form SCHEDULE 5 (Form 1040) to my Turbo Tax?

I filed an extension and made a payment.  How do I add the payment?

 

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Level 15

How do I add form SCHEDULE 5 (Form 1040) to my Turbo Tax?

If your extension payment did not automatically show up on 1040 Schedule 5 line 71 which goes to 1040 line 17 you need to enter it.  So make sure it's not already there before you enter it!

 

You can type estimates paid in the search box at the top of your return and click Find and it will give you a link to Jump To the screen where you enter Extension Payments.

 

To enter the amount you paid with an extension (including state extension)  go to

Federal Taxes (or Personal for desktop H&B version)

Deductions and Credits

Then scroll way down to Estimates and Other Taxes Paid

Other Income Taxes - Click the Start or Update button

 

Next page second section Payments with Extension

Either Visit All or Click Start or Update by the extension you paid

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New Member

How do I add form SCHEDULE 5 (Form 1040) to my Turbo Tax?

 
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Employee Tax Expert

How do I add form SCHEDULE 5 (Form 1040) to my Turbo Tax?

Are you preparing a 2018 or 2019 tax return?

 

In 2018, Schedule 5 was titled Other Payments and Refundable Credits.

 

In 2019, Schedule 3 reflects these items in Part II of the form.

 

TurboTax software will generate the form automatically when it is needed, for instance, to report excess social security withheld (line 11)

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