I've seen a few threads regarding this, but I'm still a tad confused.
I use a payroll service, and they sent quarterly tax payments (1040-ES) on my behalf in 2020.
They also generate and send other forms on my behalf (W2's, W3, 940, etc.).
So my question is, if I enter in the quarterly payments from the 1040-ES in Turbo Tax as estimated payments, do I need to counter this by also filling out Schedule H? Or do I only fill in the Schedule H data in Turbo Tax if I did NOT make any estimated tax payments (1040-ES) during the year?
I've seen conflicting information on this, but my understanding is I input the Schedule H which creates the tax liability for taxes owed for my household employee, but then filling out the 1040-ES data essentially cancels that out.
I can't imagine only filling out the estimated tax payments is the way to do it, because I'm essentially getting credited for taxes that I ultimately owed and paid... I don't know.
