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Deductions & credits
I'm not sure what you mean by " escrow paid in on the schedule C."
To enter taxes paid for your business, follow these step:
- On the screen for your business return, click the box Add expenses for this business.
- On the What kind of expenses screen, mark the box Taxes and licenses and click Continue at the bottom of the screen.
- Enter the taxes paid on the next screen.
Examples of taxes and licenses include the following:
- Business license
- State board license
- State and local taxes
- Property taxes
- Payroll taxes
- Other taxes and licenses expenses
If you're referring to estimated quarterly federal and state tax payments you paid, please follow these steps:
- Click on Federal > Deductions & Credits.
- In the Estimates and Other Taxes Paid section, click on the Start/Update box next to Estimated Tax Payments.
- On the next screen, click the Start/Update box next to Federal estimated taxes for 2020(Form 1040ES).
- On the screen, Did you pay estimated taxes for 2020? click the Yes box.
- Enter your payment(s) on the next screen, How much did you pay in federal estimated taxes?
- If you made more than four payments, click Add another payment at the bottom of the screen to add another line.
- You will be brought back to the Estimated Taxes screen. If you also made state estimated tax payments, click the Start/Update button next to State estimated taxes for 2020.
- On the screen, Did you pay state estimated taxes for 2020? click the Yes box.
- Enter your payment(s) on the next screen, How much did you pay in state estimated taxes?
If you meant something else please respond to this thread with more information.
April 14, 2021
8:28 AM