Did not put the estimated taxes I paid on my return.

[druchii5]

I paid estimated short-term capital gains tax for year 2020. I paid this to the IRS and State last year. I just filed my return for 2020 and did not put the estimated payment amount I made in my tax return. Do I need submit an amendment when it's available? Or will the IRS/State adjust my taxes (i.e. will they have the payments I made on file and make the correction?). 

[ColeenD3]

You should amend. You don't want to assume that the IRS will catch it. 

If you made estimated tax payments in 2020 towards your federal, state, or local taxes, enter them in the Estimated and Other Income Taxes Paid section.

1. With your return open, search for the term estimated tax payments.
2. Select the Jump to link.
3. Choose Start next to the type of estimated tax payment you'd like to enter.

[druchii5]

Thank you--although, seeing as I filed and submitted my return already, I assume I won't be able to amend until the amendment form is ready on 3/25/21, correct? Thank you again! @ColeenD3 

[ColeenD3]

Yes, this is correct.

[JohnB5677]

I think I have good news. 

If you made estimated payment and did not record them on your return.  The IRS will automatically add them to your return and adjust the amount you owe, or your refund accordingly.

At this point just wait.  If you're getting a refund it will be bigger.  If you owe it will be less and the IRS will send you a letter.

[druchii5]

Thank you @JohnB5677 . I made the silly mistake of scheduling the payment out of my bank account tomorrow. Silly question: based on what you wrote, how will the IRS refund that? Will they just include the amount that will be taken out of my account (tomorrow) in the refund they send at a later time?

Thanks again

[Critter-3]

Since you cannot amend any return until the original return has fully processed you MUST WAIT and see if the feds or state catch the error and adjust the return.   If they do not then and only then should your amend the return.   Amendments can be efiled again this year but not before 3/25 thru the TT system so you have the time to wait and see what happens first. 

[JohnB5677]

I'm not absolutely sure, because this is a mater if timing.  I don't think they will take the payment until they have confirmed the posted values. 

In that case the withdrawal from your account would be reduced by the amount of your estimated payments.

If they overcharge you, they will either make a direct deposit back to you or send you a paper check.

Watch your account and see what happens.  If they do take it out you can contact the IRS.  You can call toll-free at 1-800-829-1040 or visit a Taxpayer Assistance Center Local IRS Office

[Critter-3]

Agreed ... it is unknown the timing of the debit however balance due returns have once again been put on the back burner so that returns with refunds can happen first so don't expect the IRS to debit the account anytime soon.  NOW  if you don't have the money for the debit when they do try to take it the debit will not happen so that may be what you need/want to do is to leave the account short and then make a correct payment directly online at the IRS site by 4/15 to avoid penalties.  https://www.irs.gov/payments