Form 4868 payment

Forum|Forum|3 years ago
May 9, 2023
2 replies
7 views

The payment made with Form 4868 is reflected in the step-by-step, but it is not being calculated. In order to reflect the amount paid via Form 4868 I had to enter data as an 'estimated' payment. There is something wrong with this. Any feedback??

Best answer by DoninGA

Expert Reviewed

If you used the TurboTax Easy Extension to electronically file the extension request, Form 4868, and make the tax payment with the request, the payment should already entered on your tax return. Provided you used the same user ID for the 2022 online tax return as was used for the Easy Extension. You can check to see if the amount is on your tax return by clicking on Tax Tools on the left side of the screen. Then click on Tools. Click on View Tax Summary. Then click on Preview my 1040.

The federal extension payment will be shown on Schedule 3 Line 10. The amount from Schedule 3 Part II Line 15 flows to Form 1040 Line 31

To enter, change or delete a payment made with an extension request (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Income Taxes Paid, click on the start or update button

On the next screen select the type of extension payment made and click on the start or update button

Or enter federal extension payment in the Search box located in the upper right of the program screen. Click on Jump to federal extension payment

DoninGA

Answer

Level 15

Expert Reviewed

If you used the TurboTax Easy Extension to electronically file the extension request, Form 4868, and make the tax payment with the request, the payment should already entered on your tax return. Provided you used the same user ID for the 2022 online tax return as was used for the Easy Extension. You can check to see if the amount is on your tax return by clicking on Tax Tools on the left side of the screen. Then click on Tools. Click on View Tax Summary. Then click on Preview my 1040.

The federal extension payment will be shown on Schedule 3 Line 10. The amount from Schedule 3 Part II Line 15 flows to Form 1040 Line 31

To enter, change or delete a payment made with an extension request (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Income Taxes Paid, click on the start or update button

On the next screen select the type of extension payment made and click on the start or update button

Or enter federal extension payment in the Search box located in the upper right of the program screen. Click on Jump to federal extension payment

VolvoGirl

Level 15

So did you put it on line 26 as an Estimated Payment? That will be wrong and the IRS will take it off and send you a bill. It needs to go on Schedule 3 line 10 which goes to 1040 line 31. When you entered it in the Step by Step were you looking in the wrong place for it?

G

ghammer

Level 2

Thanks for the warning about the1040 line 26 estimated tax payment entry being rejected by the IRS.

In Turbotax Premier, to enter the extension form 4868 payment on Schedule 3 line 10 and 1040 line 31, open the form Tax Payments Worksheet and enter the payment on line 9, 2022 extensions.