State Estimated taxes paid on Schedule A

[PPECPA]

Hi Everyone

Ok I have an issue don't know if this is a conceptual issue or a lacerte program issue.  Client has paid State quarterly estimated taxes in 2024.  Estimates were paid on time.  The 4th quarter estimated payment made on January 15, 2025 should be included in line 5a of the Form A (Itemized Deductions).  I get that. 

But the program is also picking up the payment made on June 15, 2024.  Should it?  Or am I am missing something?  I've deleted the quarterly estimated payment made on June 15, 2024 just to see if the program pulls the correct amount from Screen 4 (Est. Tax payments) and it does.  So I then went back and put the amount and date paid (June 15, 2024) and re-ran the return.  Yeah it's picking up the June 2024 payment and the January 2025 payment on Schedule A.  We should only be able to pick up the State estimated payment made in 2025 and that should be included, not the June 2024 payment.  

I've also tied out what the client paid in 2024 with their 2024 state tax return and have also tied out State withholdings (No SDI paid on W2).

I checked Lacerte updates and I am on the most current version of Lacerte.

Anyone have thoughts on this?

Let me know and thanks to the community!

PPECPA

[sjrcpa · Accepted solution]

A state estimated tax payment paid in January 2025 should not be on the 2024 Schedule A since it was not paid in 2024. Individuals are cash basis.

Is it maybe including the 4th quarter 2023 estimated tax payment paid in January 2024?

[PPECPA]

I can't believe I made that mistake....been working on taxes too long today and need to take a break....

Ugh.

Thank you!