Question

I erroneously put $0 paid in 4868. When I update amount paid w extension in amendment, TT doesn't calc refund (unless I enter as an estimated tax payment). How do I fix?

Forum|Forum|4 years ago
October 11, 2021
1 reply
0 views

-I filed form 4868 in May 2020, and erroneously put $0 paid instead of the large amount I actually paid. I did not catch this error (embarrassing) before e-filing.
-I am amending my return to get a refund, but when I change "amount paid with extension" in TurboTax to the actual amount I paid, the amount of my tax/refund due does not change. The only way I can get TT to calculate that I am now due a refund is to instead enter the amount I paid with my extension as an estimated tax payment.

How can I make TurboTax take into account the corrected amount I paid?

TurboTax Premier Online

S

SundayInSalem

Amounts paid with a federal extension should be entered in Deductions & Credits > Estimates and Other Taxes Paid.

Type estimated taxes in Search in the upper right
Select Go to Estimated Tax Payments
Scroll down to Payments with Extension
START/REVISIT Payments with 2020 federal extension
Enter your extension payment in the box 2020 federal taxes paid with extension

M

michael-boorsteiAuthor

Thank you! These are exactly the steps I followed before (and just tried again). But when I change the amount paid with the 2020 extension from $0 to the (large) correct amount, Turbotax does not calculate a new amount of tax refund/due . When go back to confirm that the extension payment amount is still there, I can see it, but the amount of tax due does not change. If I instead enter a new estimated tax payment, TurboTax does then calculate a refund. It seems like Turbotax is not "looking" at the amount put in the "paid with extension" data field.

Thanks,

Mike

S

SundayInSalem

@michael-boorstei Hi Mike, sorry you are having an issue with TurboTax. It's hard to tell what's going on without looking at your tax data.

TurboTax may have locked your $0 extension payment. You can try deleting the Tax Payments Worksheet. This may clear your $0 and allow you to enter your actual payment. If you do this, you will have to re-enter any tax payments except for withholding on W-2s and 1099s.

Make a note of your federal and state refund/tax due boxes before doing this. Since you are clearing a $0 extension payment, the numbers should be the same after you delete the Tax Payments Worksheet. Otherwise you'll have to re-enter something.