Paid extension 4/14/2024 through IRS Direct Pay. Filled the amount to Schedule 3 line down, but it doesn't update the tax owed. filled Form 4868 with correct value, but still Schedule 3 and 1041 are not updating. Turbotax federal tax owed unchanged. Help

[DoninGA]

Did you use this procedure to enter the amount of taxes paid with the extension request -

To enter, change or delete a payment made with an extension request (Federal, State, Local) -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Estimates and Other Taxes Paid
On Income Taxes Paid, click on the start or update button

On the next screen select the type of extension payment made and click on the start or update button

Or enter federal extension payment in the Search box located in the upper right of the program screen. Click on Jump to federal extension payment

The federal extension payment will be shown on Schedule 3 Line 10. The amount from Schedule 3 Part II Line 15 flows to Form 1040 Line 31

[r_zachary]

Thanks for the fast reply.   I did go and see that the extension paid amount was in the credit section (thanks for the step by step).  The extension payment is in there correctly, and pressed Done.   Did all the other questions in that section.  Still the Federal Payment Due doesn't update.     Also Schedule 3 line 10 not updated.     When will the software "take" the updates.  [After I made the update,  the summary for the extension still showed the grey "update" button] 

I'll go try your last suggestion next.  I'm used to the values updating as soon as information is put in.  That seems to be the problem.

[r_zachary]

OK. I just checked. Typing the search, "Federal Extension Payment"  the AI told me about Federal Extension payments, but didn't give me a link.  Tried again "Jump to Federal Extension Payment" and it gave me  the same answer you just gave, dominic.  

Others had this question....but for me the program is just not updating. I dont' know why. I think I'll shut down and restart the computer and the program  (hopefully that old SW bug trick will work)

[DoninGA]

Hopefully the re-start of the PC solved this problem.

I just did a check test using my TurboTax 2023 Premier desktop edition with the latest update.  Entered an amount for the federal extension payment.  The payment was correctly entered on Schedule 3 Line 10 and the amount from Schedule 3 Line 15 flowed to the Form 1040 Line 31.

[r_zachary]

OK, I guess it has something to do with a note on Form 4868 Extension to file (the form that is sent in with the Extension Tax Payment if you use that form).  There is an Important Note that mentions checking "Box B" will cause amounts to be frozen, and will not flow from 4868 Line 7 into 1041s. However there are two things:  The Box that is there is labelled "A",  not "B" and there is no Box B to be found on Form 4868 that I can see.    Second,  I've unchecked Box A.  (Originally when I started editing Box A was checked)  Still no change -- the Update isn't going through.  Please let me know how I can get some help.

[DoninGA]

Delete the Form 4868 from your tax return, as it is not needed. 

Your extension payment was made on the IRS website which automatically made you approved for the extension.

[r_zachary]

OK Thanks. But I'm doing all this because I want to e-file with the correct Federal Amount (Owed, at this point, and not Due).   I agree that Form 4868 wasn't needed.  But it seemed the only connection to the forms.   When I try to type the extension payment directly into the Schedule 3 line 10,  it just won't take it.  Stay tuned

[r_zachary]

Yay!  OK, after deleting that form 4868,  I was trying to see if I could type the payment in.  No luck. 

But then I went out of the Forms view and back into Step by Step,  in the Deductions and Credits section Extension payments -- and I entered the Extension payment amount.  And it liked it!  Voila,  it worked. Thank you! Thank you!

[DoninGA]

You cannot enter an amount directly on Schedule 3.  If you are not going to the use the Step-by-Step method I posted, then you can enter the amount paid with the extension on the Tax Payment Worksheet Line 9 under Federal.  This will flow to Schedule 3 Line 10.

[DoninGA]

That's great.  Glad you got this problem resolved!!!