tanco7
Level 1
02-25-2022
08:55 AM
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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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sjrcpa
Level 15
02-25-2022
09:35 AM
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Estimated tax payments do not go on the Schedule C.
The more I know the more I don’t know.
George4Tacks
Level 15
02-25-2022
09:43 AM
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It goes in the Payments section >2021 Estimates.
Answers are easy. Questions are hard!
qbteachmt
Level 15
02-25-2022
12:02 PM
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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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