turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

2020 Federal overpayment not reducing 2021 estimated payments

I have my entire 2020 overpayment flagged on 1040 line 36 as applying to 2021 estimates. Yet the 1040ES1 is not reflecting this - all 4 payments are exactly the same. Is this an open issue for TY2020?

 

BTW TurboTax, why is there not a single check mark to do this as there is on the CA return? If a number changes on the return, we have to remember to go back and manually change this amount.

 

Thanks.

 

Brent Byrd

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

2020 Federal overpayment not reducing 2021 estimated payments

Maybe it first applied it to the first quarter estimate and then divided the remaining total to all 4.  Hope you followed that.

2020 Federal overpayment not reducing 2021 estimated payments

Thank you for the suggestion. Yes I had already checked that, it wasn't the issue. I finally found what it was however. It turns out in the Estimated Tax Options that the same amount as has to be manually input to the return to be applied rather than refunded (1040 line 36) also has to be manually input to the second-to-last line of the second section, creating yet another opportunity to miss changing it if anything changes on the return.

 

Brent

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question