the section Other income taxes. Am I able to list the amount of federal taxes that I owed and paid in 2017 for 2016. I am self employed I had a payment plan set up to pay them.
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If you paid a federal balance due for 2016, you cannot deduct the amount on your 2017 federal return since you owed that amount for that year. However, you may be able to deduct state and local taxes in the year they were paid (2017), even if they are taxes from a prior year (2016). You'll need to itemize to take this deduction but TurboTax
automatically selects the federal deduction – standard or itemized – that works
best in your favor.
To enter, edit, or delete Estimates and Other Income Taxes Paid, please review the following instructions:
Please review the following link(s) and the link(s) embedded on the webpage(s) for more information:
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