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Level 1
posted Jan 26, 2022 12:38:01 PM

Estimated Taxes

  1. Fed Refund applied to Estimated taxes  —- where add?

 

2)   Form 1099-R   ——- for box 7 has 4G, however, Turbo tax only allows me to put in 4 or G, 

                                        not both.   Why?   What is right value to put in box?

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1 Best answer
Expert Alumni
Jan 26, 2022 12:48:49 PM

1. Under Deductions and Credits, scroll down to Estimates and Other Taxes Paid.  Select Other Income Taxes, then scroll down and locate 2020 Refunds applied to 2021. Make appropriate selections and enter information.

 

2. Form 1099-R - there are 2 boxes for entry for box 7. You will enter the 4 in one and the G in the other.  

 

 

1 Replies
Expert Alumni
Jan 26, 2022 12:48:49 PM

1. Under Deductions and Credits, scroll down to Estimates and Other Taxes Paid.  Select Other Income Taxes, then scroll down and locate 2020 Refunds applied to 2021. Make appropriate selections and enter information.

 

2. Form 1099-R - there are 2 boxes for entry for box 7. You will enter the 4 in one and the G in the other.