Solved

Estimated payments

Forum|Forum|5 years ago
April 26, 2021
1 reply
0 views

If I made estimated payments to the Franchise Tax Board, do I enter the payments on my Federal or State return?

TurboTax Deluxe Online

Best answer by BillM223

To be clear, you enter both federal and state estimated tax payments in the same general area (the one that Collen showed), but you are not actually entering the FTB estimated tax payments on your federal return.

If you look at her screenshot, you will see that federal estimated tax payments and state estimated tax payments have two separate links.

So did you actually enter the FTB estimated tax payments on the first link or the second?

That is, did the estimated tax payments appear as part of line 26 on your 1040 or as part of line whatever on form 540 (sorry, the form has been withdrawn by the state for updating). If the estimated tax payments for the state actually appears on your 1040, then, yes, you will need to amend...

ColeenD3

Enter it in the Federal portion and it will carry over to the state.

If you have state tax estimates or any other payments enter them here: (See the attached screenshot below. Click to enlarge.)

• 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

C

colettehondaAuthor

I entered my estimated payments to the Franchise Tax Board on my Federal return, so that is okay? I do not need to do an amendment?

B

BillM223Answer

To be clear, you enter both federal and state estimated tax payments in the same general area (the one that Collen showed), but you are not actually entering the FTB estimated tax payments on your federal return.

If you look at her screenshot, you will see that federal estimated tax payments and state estimated tax payments have two separate links.

So did you actually enter the FTB estimated tax payments on the first link or the second?

That is, did the estimated tax payments appear as part of line 26 on your 1040 or as part of line whatever on form 540 (sorry, the form has been withdrawn by the state for updating). If the estimated tax payments for the state actually appears on your 1040, then, yes, you will need to amend...

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"