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russell4
New Member

Can 2019 Federal Offer in compromise payment be applied in my turbo tax return? If so, where do I enter the amount?

 
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DawnC
Expert Alumni

Can 2019 Federal Offer in compromise payment be applied in my turbo tax return? If so, where do I enter the amount?

Federal taxes paid are not deductible on a Federal tax return, but may be on your State return.  It depends on your state and you would enter the amounts on your state return if your state does in fact allow such deductions.  Can I deduct federal taxes paid on my federal tax return?

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1 Reply
DawnC
Expert Alumni

Can 2019 Federal Offer in compromise payment be applied in my turbo tax return? If so, where do I enter the amount?

Federal taxes paid are not deductible on a Federal tax return, but may be on your State return.  It depends on your state and you would enter the amounts on your state return if your state does in fact allow such deductions.  Can I deduct federal taxes paid on my federal tax return?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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