how to apply tax payment to prior year

I paid my Q4 2016 tax in April 2017. How do I apply this 2017 transaction back to 2016 taxes in Tax section of QBSE?


Hi patolal,

I'll help you apply the tax payment you made for the prior year.

We can add this as a new transaction and enter specific details to apply it back to 2016 taxes.

Here's how:

  1. Click Transactions in the left navigation bar.
  2. Click Add transaction.
  3. Enter the correct date (when it should've been applied at Q4 2016).
  4. Enter a Description (for e.g. Estimated Taxes 2016).
  5. Enter the Amount.
  6. Click Select a category.
  7. Search for Estimated taxes and select it.
  8. Click Save.

That's it! If you have any other questions, you can always reach out to us again.

Have a nice day!

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IntuitAldrin , Community Support Specialist
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