tax payer had distribution of $30000.00 ,what's to report over 3 years. Paid $2000.00 in federal tax. Is tax payment reported over 3 years too

042375chris · ‎02-13-2021

itonewbie · ‎02-13-2021

Possible.

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Still an AllStar

qbteachmt · ‎02-14-2021

The tax paid will be against the total owed for that 2020 return. If there is too much tax paid in, there is the option to "let it ride to 2021." Remember that all withholding is set by the IRS or identified by the tax payer per event, and has nothing to do with a person's actual taxes owed. You never know what is owed until that tax return is prepared.

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tax payer had distribution of $30000.00 ,what's to report over 3 years. Paid $2000.00 in federal tax. Is tax payment reported over 3 years too

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