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Level 1
March 26, 2021
Question

CP14

  • March 26, 2021
  • 2 replies
  • 19 views

How do I use the CP14 payment for a late penalty on our 2019 taxes that we made in 2020 as a deduction on our 2020 tax return?

    2 replies

    VolvoGirl
    Level 15
    March 26, 2021

    Sorry you can't deduct prior year tax due or interest paid or penalties.

    Alumni - Champ
    March 26, 2021

    You cannot deduct any of that on your Federal return.  If your State allows deduction of Federal taxes paid (but not interest or penalties), you will be asked during the state interview.