Reflecting withholding on Colorado Partnership Filing in Turbo Tax Business

[ecomajor]

I am a non Colorado resident and I was an investor in an LLC that sold a property in 2019.  As part of the sale they withheld about 2000.  My investment in that LLC is through an LLC with a partner.  How do I reflect the fact that the managing LLC already withheld about $2000 on our behalf when I file my corporate return. I need to reflect this so that each of us can claim a refund on our personal NY return.

[ThomasM125]

By withholding I assume you mean taxes were paid in to a government taxing entity (IRS, Co or NY  revenue departments) to your account, under your social security number. If so, you report that as estimated tax paid in TurboTax by using the following tabs:

1. Federal
2. Deductions and Credits
3. See all tax breaks
4. Estimates and Other Taxes Paid

There are options to report taxes paid to both federal and state taxing authorities in that section.