Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Feb 18, 2021 10:07:11 AM

Where do I enter 2020 tax prepayments?

we made quarterly prepayments and did not see where to enter these in Turbo Tax

0 1 157
1 Replies
Expert Alumni
Feb 18, 2021 10:18:11 AM

Your estimated tax payments will serve as a credit against your Federal tax liability and have to be entered on your tax return.

 

You can enter estimated taxes you paid by following these steps:

  • In TurboTax, open your tax return
  • Click on Federal in the left-hand column, then Deductions & Credits on top of the screen
  • Scroll down to All tax breaks, locate the section named Estimates and Other Taxes Paid and click Show more
  • Click on Start next to Estimated Tax Payments
  • On the next page, click Start next to Federal estimated taxes for 2020 (form 1040ES)