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June 6, 2019
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Should interest accrued on a prior year's tax payment be included or excluded when the payment is reported here?

  • June 6, 2019
  • 3 replies
  • 0 views
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Best answer by VolvoGirl
Exclude it.  Interest paid is not deductible.  Only the actual tax due.

3 replies

VolvoGirl
Employee
June 6, 2019
Interest you received or paid?  What tax payment?  A federal tax due or state?
amunkresAuthor
June 6, 2019
Interest I paid on a 2014 tax payment to a State.
VolvoGirl
VolvoGirlAnswer
Employee
June 6, 2019
Exclude it.  Interest paid is not deductible.  Only the actual tax due.
amunkresAuthor
June 6, 2019
Thank you!