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Returning Member
posted Mar 3, 2024 11:10:02 AM

Turbotax business 2023 parses the state estimate tax payments ($800 for CA) of 2022 and 2023 to the 1120S, line 24a

Doing 2023 tax return for a s-corp, and turbotax parses my state estimated tax payment of 2022 and 2023 in to the federal return(1120s), line 24a, 25. 

 

Since s-corp does not pay tax on the federal level, turbotax considers the parsed payments as an overpayment (line #27).

 

would be nice to get the money back, but I did not pay, and is not my money.

I tried to report this as a severe bug to turbotax, but can't find how and wehere to report.

 

Need response as soon as possible.

0 1 494
1 Replies
Expert Alumni
Mar 11, 2024 4:07:00 PM

These estimated payments should not be entered on the federal return at all.  They are information for the California return and should only be entered there.

 

@qinhh