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April 28, 2021
Question

Iowa Line 31

  • April 28, 2021
  • 1 reply
  • 0 views

Iowa Line 31 is not correct.  It is pulling an inaccurately estimated  federal tax payments made in 2020. It appears to that the Jan. 2021 payment is reflected as a 2020 payment.  Where do I see how Turbo tax pulls this number and how to correct it.

1 reply

Employee
April 28, 2021

You are right that Iowa treats this differently than Federal.  The State rules say that you can deduct only the federal estimated income tax payments made during calendar year 2020, but not an estimated tax payment for 2020 paid in January 2021.

 

I am flagging your post for the Moderator.