Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
B
BioProfSF
March 15, 2020
Question

Can I pay 2019 taxes due using excess that has been withheld in 2020?

  • March 15, 2020
  • 1 reply
  • 0 views

I owe a substantial amount for 2019 because of unexpected capital gains that occurred late in the year, so estimated taxes were not filed.  In early 2020 20% was withheld from a very lage IRA distribution that will not be needed for 2020 taxes because the majority of that distribution was then rolled over, so it is tax free.  Is there any way to apply the excess that has been withheld in 2020 to the amount that will be owed for 2019 taxes?

1 reply

J
JohnW152
March 15, 2020

It's extremely unlikely that the IRS would allow such a transaction. 

You're welcome to contact them using the IRS Phone Numbers in the IRS' Let Us Help You page, but it's not likely to help.

That said, you might consider filing an installment agreement with the IRS, as long as you haven't filed your return yet.

Please see the TurboTax Help article “Can I file a Form 9465 (Installment Agreement Request) in TurboTax?” for guidance.

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification