Should I export to TurboTax before or after paying estimated taxes in January (for 4th qtr)?

I started my business on 9/1/18 so I only have estimated taxes to pay for the 4th qtr.  I also use TurboTax, so do I pay my estimated taxes for the 4th quarter THEN export the tax information from QBSE to TT? 

Answer

Glad to see you here, ejgdaym8.

I'm here to share some information with exporting and paying your estimated taxes using Turbo Tax.

The due date for the Quarterly estimated tax payment for the September 1 to December 31 period will be on January 15. Then, you have until April 15 to file your taxes.

You can pay directly from your QBSE account if you have the TurboTax bundle. Here's how:

  1. Go to your Taxes tab.
  2. Click on Quarterly Taxes .
  3. Select Pay Now in the upper right, then choose Online.
  4. Enter your details from EFTPS and select either the current or a unique amount.
  5. Select Continue and follow the onscreen prompts.

Here's how to Export your data to TurboTax Self-Employed to file your taxes. 

  1. First, you’ll have to complete the tasks in the Tax Checklist. You can find the checklist by going to your Taxes tab, then Annual Taxes and selecting 2018.
  2. Once completed, select Let's wrap things up.
  3. Review the summary of the data. You'll be prompted to complete any missing or incorrect sections before you can continue.
  4. Select Send my info to TurboTax when you’re sure that the data is accurate and up-to-date.
  5. Select It's OK to send my info.
  6. You'll then receive the message "Success! We added your QuickBooks Self-Employed info to your return."
  7. Click Continue in the bottom-right to proceed to and validate your self-employed info. 

Your QuickBooks Self-Employed data will appear once you've completed the self-employed questions.

Here are the articles that can guide you in getting ready for tax time:

That's it. If you have any other questions or would like me to clarify anything else about paying and filing your taxes, let me know by leaving a comment below. I am always glad to help in any way I can.​ Have a good day.

Was this answer helpful? Yes No
Original
IntuitMaryJoy , Community Support Specialist
Employee SuperUser

No answers have been posted

More Actions

People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.