@charley101 wrote:
I overpaid federal taxes in 2020 and applied the overpayment to my 2021 taxes. Does the Turbo Tax program allow this credit in calculating my 2021 tax liability?
To enter, change or delete a refund from the prior year applied to this years taxes (Federal, State, Local) -
- Click on Federal Taxes (Personal using Home and Business)
- Click on Deductions and Credits
- Click on I'll choose what I work on (if shown)
- Scroll down to Estimates and Other Taxes Paid
- On Other Income Taxes, click on the start or update button
On the next screen select the options under 2020 Refund Applied to 2021
Or enter refund applied to this year in the Search box located in the upper right of the program screen. Click on Jump to refund applied to this year
The prior year refund amount applied is shown on Form 1040 Line 26
