There's an error in TT's calculation of Sch. A deduction for state inc. taxes paid. TT includes all ES pmts made for TY2016, not just the 2015 4th qtr pmt made in 2016. Anyone else detect this?
There's an error in TT's calculation of Sch. A deduction for state inc. taxes paid. TT includes all ES pmts made for TY2016, not just the 2015 4th qtr pmt made in 2016. Anyone else detect this?
All state income tax payments made in 2016 are deductible on the 2016 federal tax return. This includes state tax payments made in 2016 for 2015 state taxes, and does not include payments made in 2017 for tax year 2016.