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Returning Member
posted Jan 19, 2021 4:01:11 PM

corporate tax installments

Where do I enter corporate tax installments  on balance sheet?

Right now I've entered them at line 1484 as a prepaid expense and then entered the tax due on line 2680 as taxes payable.

 

At the bottom left on TT Inc it shows the full amount of tax. Should the installments be entered somewhere else so the tax due at the bottom shows the actual tax due. That is, tax due less installments.

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1 Best answer
Level 15
Jan 19, 2021 4:02:30 PM

You are posting to the U.S. TurboTax Community. You want the Canada TurboTax Community (link below).

 

https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-ca

1 Replies
Level 15
Jan 19, 2021 4:02:30 PM

You are posting to the U.S. TurboTax Community. You want the Canada TurboTax Community (link below).

 

https://turbotax.community.intuit.ca/community/turbotax-support/help/03/en-ca