AMOUNT APPLIED TO 2021 ESTIMATED TAXES FROM 2020 FORM 1040 NOT SHOWING UP ON 2021 FORM 2210

Forum|Forum|4 years ago
February 24, 2022
2 replies
14 views

The amount I applied to my 2021 estimated taxes on my 2020 Form 1040 does not show up on Line 11 (a) of 2021 Form 2210, Part III, Section A--Figure Your Underpayment. Is this a TT software issue, or am I missing something?

DoninGA

Level 15

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

BuznbAuthor

Level 2

Problem resolved! Even though the credit for amount applied to 2021 does not show up on line 11(a) of Part III, Section A--Figure Your Underpayment of 2021 Form 2210, this amount does show up on Form 2210 Underpayment Penalty Worksheet, and this amount is listed as a payment in the First Installment and decreases the Underpayment Penalty.