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ES-1040 STATE tax payments - not imported by TurboTax

Ps56k2

This comes under.... Import to TurboTax - and ES-1040 estimated STATE payments.

I happen to make ES-1040 Estimated tax payments to both Fed and State.

Have separate Category items that in turn point to specific tax line items.

I just noticed that the Fed line items come across into TurboTax,
but it appears that the State level entries do not -
and I needed to manually add them to my Illinois State forms on TurboTax.

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Sherlock

I suggest you review the Schedule A: State estimated tax, qrtly transactions in the Tax Summary report for the appropriate year. If the transactions are present, I suggest you post your query to the TurboTax community: https://ttlc.intuit.com/community

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Sherlock

Ps56k2

That's how I caught it - nothing was there for the State entries.

Just looking around in Quicken and the Tax Planner - and don't think I see anything related to potential "State" line items ..... guessing that maybe only Fed line items, or items that are specifically reflected in the Tax Planner are made avail to TurboTax.

Ps56k2

took another look - as per above - thanks for the nudge

Not sure why it didn't Import to the Fed tax worksheet - which feeds the State worksheet.
Oh well.. just another area to go over before filing

[EDIT] - 2nd look.... OK they are there in the Quicken - State & Local Income Tax -

Next.... to try again with a clean Import with TurboTax -

And yup - they are there in the TurboTax worksheet for Fed & State ....

Not sure why they didn't appear...

Also - of course the ESTIMATED ES-1040 Taxes are not really on Scheduel A -
which is for Deductions of SALT - the ES-1040 taxes are on a separate TurboTax Tax Payments Worksheet

Ps56k2

.. just a little nit - the Quicken Tax Planner doesn't know about the January payment that occurs in the "following" year. So, it is February 2021, the 4th ES-1040 payments have been made in January 2021 for tax year 2020, but the Quicken Tax Planner has missed the "2020" payment made in "2021".... it has the Fed - but missed the State ?

Lastly - the ES-1040 January 4th payments are therefore NOT being recognized and Imported via TurboTax .... it gets the 3 "in-year" payments,
but not the January one paid in the following year.... for BOTH the Fed and State.

Rocket J Squirrel

Ps56k2 said:

the Quicken Tax Planner has missed the "2020" payment made in "2021".... it has the Fed - but missed the State ?

This is correct behavior. State estimated income taxes paid are federally deductible only in the year they are actually paid.

See IRS instructions for Line 5a of Schedule A.

Ps56k2

Rocket J Squirrel said:
This is correct behavior. State estimated income taxes paid are federally deductible only in the year they are actually paid.
See IRS instructions for Line 5a of Schedule A.

tnx for the pointer - yeah, just am looking at the forms - and forgot that I pretty much ignore those pages since I get limited by the SALT $10k limit

But.... you have to be careful that at least all FOUR payments are entered in TTax.