3352286
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

KTS2
Level 2

How do I see how Turbo Tax calculate line 72 on form 540?

I entered $3000 as estimated state tax paid in 2023. TT entered a larger amount, $4000, on line 72 of form 540.  State Board sent me a letter saying $4000 is incorrect and reduced that to $3500. Apparently I missed something when I entered $3000. How do I see how Turbo Tax came up with $4000 for line 72?

 

Thanks!

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KTS2
Level 2

How do I see how Turbo Tax calculate line 72 on form 540?

Mystery solved!

 

First mystery. $1000 from 2022 tax refund was applied to 2023 estimated tax. I sent in another $2000 in 2023. I entered $1000 and $2000 as total estimated tax payments for 2023. TT added another $1000 as it remembered that it had applied $1000 from 2022 tax refund. So TT entered $4000 on line 72.

 

Second mystery. So total estimated tax payment should be only $3000, but State Board said $3500. My fault. I forgot I made another payment of $500!

 

Anyway, it will be nice if TT reminds me tax refund applied from previous year is automatically included, and I do not have to enter it again.

 

Thanks!

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question