I sold my home and already submitted a payment for capital gains tax to the IRS. Where do I enter this payment in TurboTax to avoid being taxed twice?

posted

Connect with an expert

1 Reply

I sold my home and already submitted a payment for capital gains tax to the IRS. Where do I enter this payment in TurboTax to avoid being taxed twice?

You can enter it under 2024 estimated payments.

Open TurboTax

Under Federal
Select Deductions and Credits
Scroll down the list to Estimates and Other Taxes Paid
Select Estimated Tax Payments from the drop down
On the new drop down choose Federal estimated taxes for 2024 (Form 1040-ES)
Did you pay federal estimated taxes for 2024? - YES

Where do I enter my estimated tax payments?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post