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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)?

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Instalment Payment for 2023 Paid in 2024 - What to Enter

If the payments were for 2023, you would just enter them as installments, even if they were paid late in 2024.

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Instalment Payment for 2023 Paid in 2024 - What to Enter

If the instalments are for 2024, then you would enter them on your 2024 return.

View solution in original post

3 Replies

Instalment Payment for 2023 Paid in 2024 - What to Enter

If the payments were for 2023, you would just enter them as installments, even if they were paid late in 2024.

Instalment Payment for 2023 Paid in 2024 - What to Enter

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?

Instalment Payment for 2023 Paid in 2024 - What to Enter

If the instalments are for 2024, then you would enter them on your 2024 return.