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June 9, 2021
Question

Where can I enter capital gains taxes already paid?

  • June 9, 2021
  • 2 replies
  • 0 views
My parents incurred capital gains in 2020 and paid them in full in January 2021.  Is there some place that I can enter that info so they can be credited for what they've already paid?

2 replies

June 9, 2021

there is a tax payments worksheet where you can enter the payment

in search box type tax into the search box and then in the jump to box double click on that worksheet

 

 

Hal_Al
Employee
June 9, 2021

"paid them in full in January 2021" sounds like they made a 4th quarter estimated tax payment. 

 

 

In TurboTax (TT), enter at:

Federal Taxes Tab 

Deductions & Credits

-Scroll down to:

--Estimates & other taxes paid

   -Estimates