topic Where do I enter my estimated tax payments? https://ttlc.... in State tax filing

I have form IT-2663-V from NYS. How do I put those numbers in my federal forms and on the NYS form?

mopfloors — Tue, 04 Jun 2019 21:19:14 GMT

I sold property in NYS and I paid the state tax due. I have form IT-2663-V from the sale. Do I report that on my federal tax forms? Where do the amount of sale and tax go on the federal and NYS forms?

Was this done in 2017, or in 2018?

SweetieJean — Tue, 04 Jun 2019 21:19:15 GMT

Was this done in 2017, or in 2018?

2017

mopfloors — Tue, 04 Jun 2019 21:19:17 GMT

2017

Where do I enter my estimated tax payments? https://ttlc....

Critter — Tue, 04 Jun 2019 21:19:18 GMT

Where do I enter my estimated tax payments?

https://ttlc.intuit.com/replies/3300049

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Scroll down to Estimates and Other Taxes Paid
On Estimates, click on the start or update button. Be sure to pick State.

Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid

Re: Where do I enter my estimated tax payments? https://ttlc....

ChristopherL — Fri, 12 Apr 2024 22:11:11 GMT

Is this still valid for 2022?

Re: Where do I enter my estimated tax payments? https://ttlc....

DoninGA — Fri, 12 Apr 2024 22:13:29 GMT

@ChristopherL wrote:

Is this still valid for 2022?

Yes, the procedure is still valid for tax year 2022 and tax year 2023.

To enter, edit or delete estimated taxes paid (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 Estimates, click on the start or update button

Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid

Re: Where do I enter my estimated tax payments? https://ttlc....

ChristopherL — Fri, 12 Apr 2024 23:08:56 GMT

After entering the Federal, TurboTax only recommended the resident state, Do I need to do the non-resident NY state filing?

How do I enter this in?

Re: Where do I enter my estimated tax payments? https://ttlc....

AmyC — Fri, 12 Apr 2024 23:24:08 GMT

Yes. You have income from NY, you need to file a NY return. Prepare the NY nonresident before your resident state to get credit for the income and tax paid to NY on your resident state return.

You get credit for the lower state tax on the lowest taxable amount.

Each state calculates taxable income differently.
Each state has its own tax rate/ system.
You get the lowest of both categories as a tax credit.

Re: Where do I enter my estimated tax payments? https://ttlc....

ChristopherL — Fri, 12 Apr 2024 23:48:18 GMT

Where do I get the NYS non-resident tax form? Is it part of the NY state return?

Re: Where do I enter my estimated tax payments? https://ttlc....

AmyC — Sun, 14 Apr 2024 18:29:37 GMT

Yes, you will select NY nonresident and the program will generate the correct form IT 203.

@ChristopherL

Re: Where do I enter my estimated tax payments? https://ttlc....

Blainezs — Tue, 08 Oct 2024 15:19:40 GMT

following these instructions I entered my estimated tax payment from form IT-2663. However, when transferring to NYS return the amount of the tax payment is double counted. It is included in the "withholding" amount on line 62 and also on line 65 (which is apparently for estimated tax payment paid with form IT-370). So, as a result, my total payments on line 66 is higher than it should be.

BTW, when i go to submit the NYS return the program says that I cannot submit it electronically because there is "withheld" taxes not from a W-2 etc. But tax payment and withholding taxes are not the same thing.

Is there a work around for this?