dascpa
Level 12
04-22-2022
08:27 AM
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Incorrect. SurePay and HomePay are aiding in paying a quarterly estimate to cover the Federal taxes due (and state if done). They are not filing the Schedule H. You need to report on the 1040. This way it's not double counted.
From their website - "The good news is, if you’re a HomePay client, you don’t have to worry about this scenario because we’ll prepare the Schedule H for you at the beginning of the year. From there, you just have to file it with your personal income tax return or hand it off to your accountant or CPA if they are preparing your return for you."