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Retirement tax questions
Enter the tax penalty you paid as an estimated payment, using 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?
April 12, 2021
9:50 AM