I used IRS Direct Pay to make a tax payment for 2020 based on the balance due on TurboTax. I gave as a reason for payment "balance due".
I haven't yet filed my TurboTax-based return for 2020. I'd like to enter into TurboTax this tax payment, but I don't see how to do so. Can anyone please advise?
thanks
So did you make an estimated payment OR an extension payment ? Both are entered in the same place :
To enter, change or delete a payment made with an extension request (Federal, State, Local) -
You don't enter the balance due payment into your return. It should match the tax due on line 37. Your return will always show the end resulting tax due or refund. You don't update it for those. You only enter Estimates paid and payments made with an extension to file.
since you designated this as a balance due payment for 2020, it does not get entered in the tax return. The IRS will see your return showing the balance due and match it with your direct payment of the balance due.
thank you - but since I already paid the balance due through the Direct Pay. What option do I choose under "How do you want to pay your federal tax" when I am ready to E-file ?