How do I get my 2023 estimated taxes paid with Home and Business 2022 to show up in my 2023 product.

[Peter56]

2023 product is Turbotax Home and Business 2023

[DaveF1006 · Accepted solution]

You must report your estimated taxes that were paid.  To report:

1. Open your Turbo Tax Home and Business
2. Go to personal>deductions and credits
3. Estimates and other Taxes paid>estimates
4. Estimated Taxes>Federal Estimated Taxes for 2023 (1040 ES)
5. Here you will list the estimated taxes paid in all 4 quarters in the 2023 tax year.

[Peter56]

Great answer.  However I thought Turbotax 23 woud automatically pick it up from Turbotax 22!  Is that an incorrect assumption?

[ThomasM125]

I believe you used the 2022 program to prepare your estimated tax payments for 2023. They cannot be automatically populated in your 2023 program because it is possible that you won't actually make the payments, in which case your tax paid in 2023 would be overstated.

[VolvoGirl]

You have to enter all payments manually from your own records.  Turbo Tax doesn't know if or when you made them.  Turbo Tax only prints out the 1040ES slips for you to pay.  They are optional to pay.  Or you could have paid more or skipped one, etc.  

[Peter56]

Thanks.  Very interesting.