Question

Quarterly federal tax paid 2020

Forum|Forum|5 years ago
February 16, 2021
2 replies
0 views

tt2020 software: will not allow an entry for 4th quarter payment of estimated quarterly federal tax paid

TurboTax Basic Windows

I recommend reviewing the steps below to ensure you are entering the estimated tax payments in the correct section of the program.

You can enter your payments under the Federal Taxes tab.

Select Deductions & Credits
Select I'll chose what I work on
Scroll down to Estimates and Other Taxes Paid
Select Estimates
Select Federal estimated taxes for 2020 (Form 1040ES)
Select Yes to indicate you did pay estimates for 2020
Proceed to enter your payments as applicable and be sure to adjust the dates of the payments if needed.
If you made any additional payments, you can also select +Add another payment if needed.

Federal estimated payments

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S

Shirl1928

4th quarter estimated tax payment for 2020 paid January 15th,

why did turbo tax want it entered on my 2021 taxes. When we did this it changed Federal refund.

VolvoGirl

Employee

You can enter a state Estimated payment made in Jan 2021 because it can be a federal deduction if you itemize. Where did it ask you for it? You shouldn't enter a federal Jan 2021 payment. You sure it wasn't the 2021 4 Qtr payment due Jan 15, 2022 this year?

R

rodderrsAuthor

JotikaT2

your answer is not correct. I did what you said which took me to the same page where i have the problem and i still have it. I also tried rebooting. no luck. i can enter tx paid for the first 3 quarters but the box for the 4th payment is locked and cannot enter data.

PLEASE take another shot at this. thanks

DawnC

Employee

Underneath the fourth quarter, there should be an option to enter additional payments. You should be able to click on the +Add another payment button and add your fourth-quarter payment there. Make sure you are clicking on Federal estimated taxes for 2020 (Form 1040ES).

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R

rodderrsAuthor

you offered a work-around so i could enter 4th quarter estimated taxes using the ADD box ..and it worked for me. It doesn't answer the fact there is a bug in the software that has the 4th quarter box locked. Would you agree?