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May 18, 2021
Question

Where to account for a pretax 2020 payment of $4000 on 11/27/20?

  • May 18, 2021
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My prepayment of $4000 tax on 11/272020 is not accounted for on this return. How do I account for it?

1 reply

May 23, 2021

An estimated tax payment made in November 2020 will count as a fourth quarter payment.

 

To add your estimated tax payment:

  1. Type estimated tax payments in Search in the upper right
  2. Select Jump to estimated tax payments
  3. On Estimates and Other Income Taxes Paid, go to Federal Estimated taxes for 2020 (Form 1040ES) > Start
  4. Say YES to Did you pay federal estimated taxes for 2020?
  5. Change the date on the Fourth Quarter to 11/27/2020 and enter $4,000. Your payment goes in the Fourth Quarter because the third quarter deadline was September 15.