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May 23, 2025
Question

form 1040-v

  • May 23, 2025
  • 1 reply
  • 0 views

I use form 1040-v last December 2024 to make a payment of $2000. to the IRS. Now doing my taxes for

2024 I only owe $840. Where do I enter the self-payment on TurboTax Deluxe?

    1 reply

    VolvoGirl
    Employee
    May 23, 2025

    Was it a 2024 1040V?  A 1040V was probably for 2023.   The 2024 form might not have been ready yet.  I would check with the IRS and see what year they applied it to.   You should have sent it with a 1040ES form for an estimated payment.  I think the only spot you can enter it would be as an Estimated payment and hope the IRS matches it up.

     

    To enter Federal or State Estimated Taxes Paid, including a state estimated payment made in January for the prior year, go to

    Federal on left or at top (Personal for Home & Business)

    Deductions and Credits

    Then scroll way down to Estimates and Other Taxes Paid

    Estimated Taxes - click the start button

     

    Federal Estimated payments should be on 1040 line 26.