@ beiseman wrote: I filed an extension and paid close to what I owed. I'm filing now, and it says I owe the full amount. What do I do?
Should I go ahead and file my taxes and send what I believe I owe? Even though my return says I owe the full amount.
NO. You should NOT file an incorrect return. You need to correct the issue before filing.
If it's not giving you credit for the extension payment, then it sounds like you haven't reported the extension payment in the TurboTax program. When you report a Federal extension payment, it should show up as part of the figure on the Form 1040, Line 31, which actually flows from Schedule 3, so look at Schedule 3, too. The extension payment should show up on Schedule 3, Line 10 before it goes to Form 1040, Line 31.
Did you file your extension using TurboTax Easy Extension in the same account? Normally, the payment would be entered in your return automatically so you would get credit for it. If it didn't (or if you didn't use that feature), then you need to manually enter the extension payment. Here are the navigation steps in Online TurboTax:
- Open you return interview, and In the left menu column, click the Federal tab
- Then click the subtab Deductions & Credits.
- On the "Tax Breaks" screen scroll way down until you see the category "Estimates and Other Taxes Paid."
- Click that to expand, and in the list of subtopics choose "Income Taxes Paid." (click Start or Revisit).
- On the next screen, titled "Income Taxes Paid," you should see a category of "Payments with Extension." Choose the type of extension payment and click Start or Revisit.
- Enter (or confirm) the figure for your extension payment.
NOTE: If this is a Federal extension payment, before filing verify that the payment shows up on Schedule 3, Line 10. It should also be included in the figure showing on your Federal Form 1040, Line 31.
If you have a state or local extension payment, verify the respective state/local payment shows up on that respective return, too.
