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How do I report taxes I paid on proceeds reported on a 1099B where taxes were not withheld.

 
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Coleen3
Intuit Alumni

How do I report taxes I paid on proceeds reported on a 1099B where taxes were not withheld.

 You'll find this section in Deductions & Credits under either the Federal Taxes tab or the Personal tab, depending on the product. For a shortcut, type “estimates paid” in the search box and use the “Jump to” link.

In the Estimates and Other Taxes Paid section, enter any federal, state or local estimated tax payments you’ve made under Estimates,

Your state and local tax payments are automatically transferred to your state return. We’ll also use them to determine whether you’d benefit from itemized deductions, instead of a standard deduction.


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3 Replies
Coleen3
Intuit Alumni

How do I report taxes I paid on proceeds reported on a 1099B where taxes were not withheld.

How did you pay those taxes if they were not withheld? Estimated payments?

How do I report taxes I paid on proceeds reported on a 1099B where taxes were not withheld.

Yes the payment was estimated.
Coleen3
Intuit Alumni

How do I report taxes I paid on proceeds reported on a 1099B where taxes were not withheld.

 You'll find this section in Deductions & Credits under either the Federal Taxes tab or the Personal tab, depending on the product. For a shortcut, type “estimates paid” in the search box and use the “Jump to” link.

In the Estimates and Other Taxes Paid section, enter any federal, state or local estimated tax payments you’ve made under Estimates,

Your state and local tax payments are automatically transferred to your state return. We’ll also use them to determine whether you’d benefit from itemized deductions, instead of a standard deduction.


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