Instalment Payment for 2023 Paid in 2024 - What to Enter
What do I enter if I paid my 2023 instalment payments late (i.e., paid zero in 2023, paid in full in 2024)?
032268
2 Best answers
TurboTaxSusan
Moderator
Mar 16, 2024 5:29:07 PM
If the payments were for 2023, you would just enter them as installments, even if they were paid late in 2024.
TurboTaxSusan
Moderator
Mar 16, 2024 5:39:54 PM
If the instalments are for 2024, then you would enter them on your 2024 return.
3 Replies
TurboTaxSusan
Moderator
Mar 16, 2024 5:29:07 PM
If the payments were for 2023, you would just enter them as installments, even if they were paid late in 2024.
Canoopy3
Level 1
Mar 16, 2024 5:33:07 PM
Thank you. I have also paid instalment payments due this year (March and June). Would I enter this payment amount in next year's 2024 tax return or include them in this year's 2023 return?
TurboTaxSusan
Moderator
Mar 16, 2024 5:39:54 PM
If the instalments are for 2024, then you would enter them on your 2024 return.