@RedMiceLive Longer wrote:
Paid 1st quarter estimated tax on 4/15. Estimated Tax Payment Options is not allowing me to enter that figure in "Estimates you've already paid."
The 1040 is not allowing me to enter amount of line 34 I want to apply to 2021 estimated taxes.
Using Premier download.
For the first part of your question above, is that an estimated tax payment for 2021 that you paid last month?
And are you trying to use Forms Mode instead of the interview (step by step) mode? It sounds like you're using Forms Mode and that you are trying to make an entry directly on the Estimated Tax Payment Options worksheet . You cannot make a direct entry in the field "Estimates you've already paid" (for 2021) because that figure flows from another worksheet--the "Estimated Taxes and Form W-4 Worksheet." On that other worksheet when you enter the April estimate you've already paid for 2021 (Payment 1), the figure should then correctly flow to the Estimated Tax Payment Options worksheet. On that other worksheet the place to enter a 2021 estimated tax payment already made is way down towards the bottom of the worksheet.
While you can work on those 2 worksheets in Forms Mode, it can get complicated. Normally one is best-served to use the interview step-by-step mode because of sometimes-complex interactions between one or more worksheets. But if you are comfortable using Forms Mode, it can be done, but in this case it sounds like you weren't aware that this figure requires two worksheets.
TIP: When working in Forms Mode, one way to tell that a figure is to come from another worksheet is to right-click over the field that you can't enter and choose "Data source", and it may tell you what other worksheet the figure is to come from.
"The 1040 is not allowing me to enter amount of line 34 I want to apply to 2021 estimated taxes."
I don't know how you are trying to do it, but you don't do it directly on the Form 1040.
If using interview (step-by-step) mode, here's how to apply all or part of a 2020 overpayment toward 2021 estimated taxes.
Federal Taxes tab.
Subtab "Other Tax Situations."
Scroll down to topic "Additional Tax Payments."
Find subtopic "Apply refund to next year," and click Start or Update.
Continue answering the screens.
If working in Forms Mode, and you want to tell TurboTax how much of a 2020 overpayment to apply toward 2021, the data field is on the Estimated Taxes and Form W-4 Worksheet near the top.
NOTE: In either the interview or Forms Mode method, the amount of your overpayment applied toward 2021 taxes should flow from the Estimated Taxes and Form W-4 Worksheet to your Form 1040, Line 36. Review your return prior to filing to be sure all is correct.
