On last year's return I owed money to my state. Does this info go under Other Income Taxes Paid in 2020?
You'll need to sign in or create an account to connect with an expert.
Yes. There will be a line specifically for balance due on your 2019 state return paid in 2020.
Yes.
In TurboTax (TT), enter at:
Federal Taxes Tab (Personal for H&B version)
Deductions & Credits
-Scroll down to:
--Estimates & other taxes paid
-Other Income taxes
On the next screen
-Other income taxes paid in 2020
-balance due on your 2019 state taxes paid in 2020
You will not get any benefit, from this, unless you itemize deductions. It's also part of the $10,000 SALT deduction limit.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
scoomes
New Member
johnmckinsey695
Level 1
mkhaderva
New Member
user17797386097
New Member
JJPhare
Returning Member