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Level 1
February 25, 2022
Question

On ProConnect if the client pays estimated tax payments, per quarter, where would that get inserted?

  • February 25, 2022
  • 2 replies
  • 8 views

I have a client that pays an amount ever quarter for his business, but I am not sure with ProConnect where it should go in the Schedule C? Any help would be appreciated. 

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2 replies

sjrcpa
Level 15
February 25, 2022

Estimated tax payments do not go on the Schedule C.

The more I know the more I don’t know.
George4Tacks
Level 15
February 25, 2022

It goes in the Payments section >2021 Estimates. 

Answers are easy. Questions are hard!
qbteachmt
Level 15
February 25, 2022

Quarterly Estimates are not like Payroll tax payments. They are against that person's entire 1040. If they have a working spouse, that person could increase their W2 withholding so that the spouse with the Sched C wouldn't even have to pay quarterly estimates. Or, the business just doesn't contribute much to the entire 1040. That's why it's not a business Payment. It was part of 1040 payments all along.

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