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paaty
New Member

Is Estimated Tax Payments suppose to be listed under income?

 
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Is Estimated Tax Payments suppose to be listed under income?

Are you looking at the Income Summary?  They show in that section as a reference only - they are not income.  Many people enter/consider them as part of the business income and expenses process.  Since you can enter self-employed income, the program gives you the reference point to adjust any estimated payments you made to offset that income within the income section.  But, they are not actually included in your taxable income.

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2 Replies

Is Estimated Tax Payments suppose to be listed under income?

Are you looking at the Income Summary?  They show in that section as a reference only - they are not income.  Many people enter/consider them as part of the business income and expenses process.  Since you can enter self-employed income, the program gives you the reference point to adjust any estimated payments you made to offset that income within the income section.  But, they are not actually included in your taxable income.

paaty
New Member

Is Estimated Tax Payments suppose to be listed under income?

Hi Anthony. This is listed as a line item under income, as well as included into my gross income column on the main form. It is also listed on the taxes paid area.
I cannot seem to edit and delete it off of the income. Thank you!
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