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October 8, 2019
Question

Estimated Tax Payments

  • October 8, 2019
  • 1 reply
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Where do I enter additional tax payments made through the year in turbo tax so they will show up on schedule 5?

    1 reply

    DoninGA
    Employee
    October 8, 2019

    To enter estimated tax payments made in 2018 and up through January 15, 2019 on a 2018 tax return -

     

    To enter, edit or delete estimated taxes paid (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 Estimates, click on the start or update button

    Or enter estimates paid in the Search box located in the upper right of the online program screen. Click on Jump to estimates paid

     

    Or -

    • Click on Tax Tools on the left side of the screen
    • Click on Tools
    • Click on Topic Search
    • Type in estimated tax payments, click on GO

    Federal estimated taxes paid are entered on Form 1040 Schedule 5 Line 66. The totals for Schedule 5 flow to Form 1040 Line 17 Federal credits