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- On ProConnect if the client pays estimated tax payments, per quarter, where would that get inserted?
On ProConnect if the client pays estimated tax payments, per quarter, where would that get inserted?
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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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George4Tacks
Level 15
02-25-2022
09:43 AM
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It goes in the Payments section >2021 Estimates.
Here's wishing you many Happy Returns
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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