Your estimated tax payments will serve as a credit your Federal tax liability and have to be entered on your tax return. You enter them in TurboTax and TurboTax will transfer them to line 26 of your form 1040 (and not Schedule 3 of form 1040). You do not enter them directly on form 1040. 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)

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Need a schedule 3 to enter my 1/4 ly tax payments made for 2020 tax year

Forum|Forum|5 years ago
February 18, 2021
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Best answer by MinhT1

Your estimated tax payments will serve as a credit your Federal tax liability and have to be entered on your tax return. You enter them in TurboTax and TurboTax will transfer them to line 26 of your form 1040 (and not Schedule 3 of form 1040). You do not enter them directly on form 1040.

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)

M

MinhT1Answer

Your estimated tax payments will serve as a credit your Federal tax liability and have to be entered on your tax return. You enter them in TurboTax and TurboTax will transfer them to line 26 of your form 1040 (and not Schedule 3 of form 1040). You do not enter them directly on form 1040.

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)