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New Member
posted Mar 13, 2022 11:13:41 AM

I paid $5000 in estimated taxes to IRS. TurboTax shows $0. How do I correct>

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2 Replies
Level 15
Mar 13, 2022 11:16:07 AM

You have to enter the amount of estimated taxes you paid.  TurboTax does not know if estimated taxes were paid.

 

To enter, edit or delete estimated taxes paid (Federal, State, Local) -

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Estimates, click on the start or update button

Or enter estimates paid in the Search box located in the upper right of the program screen. Click on Jump to estimates paid

 

Or click on Tax Tools on the left side of the online program screen.
Click on Tools
Click on Topic Search
Type in estimated tax payments, click on GO

 

Federal estimated taxes paid are entered on Form 1040 Line 26

Level 2
Mar 13, 2022 12:07:30 PM

Go to "Federal Taxes"/"Deductions and Credits" and select "Estimated and Other Taxes Paid". Enter the amounts of estimated payments made together with dates of payments.