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October 16, 2020
Question

Does my total amount now due take into account the estimated amount that I paid in July?

  • October 16, 2020
  • 1 reply
  • 0 views
I pre-paid 11,000 in July. I now owe $9,000. I want to be sure that I should be paying a total of $20,000, and that Turbo Tax knows that I pre-paid this amount. Otherwise, should I in fact be getting a $1,500 refund?

1 reply

Employee
October 16, 2020

Are you in exactly the same account with the same user ID you used when you requested the extension?

 

When you requested your extension you were supposed to pay your estimated tax due.  Did you enter the payment you made into your tax return?  Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Other Income Taxes 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**