Question

Where do we report the estimated tax payments we did for 2020 in Turbo Tax? Will it go in schedule 3?

Forum|Forum|5 years ago
March 19, 2021
2 replies
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TurboTax Premier Online

they go on the tax payments worksheet but in step-by-step/interview mode you should have been asked if you made such payments.

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fruit23

it didn't ask me if i did. i didn't e-file, did the print by mail. can we go in and make the adjustments

VolvoGirl

Employee

Yes, To change a return If you haven't mailed or efiled yet, see

https://ttlc.intuit.com/community/tax-topics/help/i-want-to-change-a-return-i-ve-printed-but-haven-t-mailed/00/27616

If you haven't efiled or mailed your return or it rejected you can go back in and change anything you want. Do not click on Amend!

Click on Add a State to let you back into your return.

From Tax Home (the first screen you see after you sign in), scroll down to Your tax returns & documents. You may have to select Show to open the drop down.

Select 2020, and then select Add a State (you're not actually adding a state, this is just the workaround).

Then when you are ready to file you can try to switch to efile.

https://ttlc.intuit.com/community/e-file/help/how-do-i-change-from-mail-to-e-file-in-turbotax-online/00/26985

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mesquitebean

Employee

@ getakhil asked: "Where do we report the estimated tax payments we did for 2020 in Turbo Tax? Will it go in schedule 3?"

When you enter the reported figures in the interview, they will flow first to the Tax Payments Worksheet. From that worksheet the Federal figures (for estimated Federal tax payments) flow to the Form 1040, Line 26.

You appear to be using Online Premier, at least that is what is displayed underneath your question. Here's how to report your quarterly estimated tax payments in Online TurboTax:

With your return open, click on the Search tab at the top.
In the Search box enter the exact phrase estimated tax payments without quotes, then click the adjacent magnifying glass. (ignore any dropdown menu while entering.)
Click on Jump to estimated tax payments.
Next screen is Estimates and Other Income Taxes Paid.
Choose the appropriate category you are reporting (Federal, state, local) and click START.

If you have any trouble with the "jump to" method, here's another way to get there.

With the return open, go to the left menu column and click on TAX TOOLS, then TOOLS.
In the Tools window choose the blue button Topic Search.
In the topic search line enter estimated tax payments without quotes.
Make the selection in the list and click GO.

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getakhilAuthor

Thank you! Will the estimated tax payments would go on schedule 3 as well?

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mesquitebean

Employee

@ getakhil wrote:
Thank you! Will the estimated tax payments would go on schedule 3 as well?

I don't know why you are asking that question about Schedule 3. You do not enter the estimated tax payments twice.

The TurboTax program knows how to handle the payments after you enter them in the interview as I described above.

When you use the interview steps I outlined above, the estimated tax payments should show up on Form 1040, Line 26. You can look at your Form 1040, Line 26 before filing to make sure they are showing up.

I'm a fellow user, not a tax expert. I don't know why you are asking about Schedule 3 in regards to estimated taxes.

What is it specifically on Schedule 3 that you are wondering about? I don't see any lines on Schedule 3 related to estimated tax payments. Schedule 3 has a place for an "extension payment" for those who requested an extension to file, but that is NOT for estimated tax payments.

And the totals from Schedule 3 flow to different lines of the Form 1040 (Line 20 and Line 31), not related to estimated tax payments which are on the Form1040, Line 26.

I just tested it with a scenario using my desktop software. The estimated tax payments I entered showed up correctly on the Form 1040, Line 26 and did NOT use Schedule 3.