This still appears to be an issue as of today (3/24). The IA program isn't recognizing the Federal estimated tax payments made in 2022 as it relates to line 18 of the IA 1040 Schedule 1.
On my return IA 1040 Schedule 1 is showing Federal taxes paid for the prior year of 4860.00. However, quarterly estimated payments were made in 2022 totaling 4228.00. Final Federal tax due and paid in 2023 was 632.00.
Recap:
2022 Federal tax liability = 8,376
Fed withholding on 1099s = 3,516
Quarterly estimated pmts = 4,228
Paid in '23 for '22 = 632 I feel this is the amount that should carry over to line 18 of the Iowa Sch 1, not 4,860.00
Please advise.
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It would be helpful to have a TurboTax ".tax2023" file that is experiencing this issue.
You can send us a “diagnostic” file that has your “numbers” but not your personal information. If you would like to do this, here are the instructions: Go to the black panel on the left side of your program and select Tax Tools.
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Token number is 1227829
Turbo Tax Advantage Premier
State Iowa
Federal Tax worksheet for Iowa is not picking up the 2022 estimated tax payments on line E.
Overstating what was paid is 2023 for 2022 at filing.
Please advise
Thanks
In TTD enter $4,228 on Row E of the Iowa Federal Tax Wks (in Forms Mode). This will make Line 18 (Federal tax paid for prior years) $632.
In TTO, in the state prep for Iowa, after the Enter your federal tax info screen, you come to the screen Prior Year Federal Tax. From here, you can enter your federal tax for 2022, and on the next screen you can enter your 2022 payments (withholding and estimated payments)
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