Instalment Payment for 2023 Paid in 2024 - What to Enter

[Canoopy3]

What do I enter if I paid my 2023 instalment payments late (i.e., paid zero in 2023, paid in full in 2024)?

[TurboTaxSusan · Accepted solution]

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

[Canoopy3]

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 · Accepted solution]

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