How to fix it? I have paid estimated taxes, 16000 in January 2020 for 2020. When I filed my 2019 taxes with turbo tax, the 16000 was applied to 2019.

Hi, marseoni.

Let me help you file your estimated taxes for the year 2020. To better isolate the issue, let's pull up the Payment Summary under Estimated Tax Payments from the Taxes menu and check if it was dated for this year (2020).

If it has an incorrect date, you might want to delete and record the payment again. Make sure to select the correct date for that transaction.

Here's how:

1. Go to Taxes from the left menu. 
2. Set the year. 
3. Select the Quarterly tab. 
4. Choose the quarter you want to mark the tax payment for.
5. Click Find your estimated tax payments beside Don't see your payment?. 
6. Check off the tax payment.
7. Hit Mark as tax payment.

After that, try to file the taxes again in TurboTax and see if the payment was applied for 2020. Please take note that we don’t count estimated taxes as “paid” when you print it. For more details, check out this article: Schedule C: Estimated Taxes.

For an alternative payment option, you can pay the taxes electronically by going directly to eftps.gov or within QuickBooks Self-Employed. For detailed steps, see the Make payments online section through this article: Estimated Taxes.

Your estimated taxes will appear on the Tax Summary and Tax Details reports. These won't show on the Profit & Loss report. To learn more about this, see the Estimated taxes section through this article: QBSE Schedule C Categories Breakdown. This link provides you more information on where the other accounts will appear on various reports in the software.

If you still need help with your estimated taxes, please let me know. I'd love to help. Have a nice day!