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cebspower
New Member

I extended Fed & MD filing deadline outside of Turbotax and paid estimated amt then. How may Turbotax recognize estimated pmt, thereby eliminating underpayment penalty?

 
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Accepted Solutions

I extended Fed & MD filing deadline outside of Turbotax and paid estimated amt then. How may Turbotax recognize estimated pmt, thereby eliminating underpayment penalty?

You need to enter it.  To enter the amount you paid with an extension (including state extension)  go to
Federal Taxes (or Personal for desktop H&B version)
Deductions and Credits
Then scroll way down to Estimates and Other Taxes Paid
Other Income Taxes - Click the Start or Update button

Next page second section Payments with Extension
Either Visit All or Click Start or Update by the extension you paid

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2 Replies

I extended Fed & MD filing deadline outside of Turbotax and paid estimated amt then. How may Turbotax recognize estimated pmt, thereby eliminating underpayment penalty?

You need to enter it.  To enter the amount you paid with an extension (including state extension)  go to
Federal Taxes (or Personal for desktop H&B version)
Deductions and Credits
Then scroll way down to Estimates and Other Taxes Paid
Other Income Taxes - Click the Start or Update button

Next page second section Payments with Extension
Either Visit All or Click Start or Update by the extension you paid
cebspower
New Member

I extended Fed & MD filing deadline outside of Turbotax and paid estimated amt then. How may Turbotax recognize estimated pmt, thereby eliminating underpayment penalty?

Many thanks. It appears to have worked.

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