How to record an estimated tax payment in quickbooks in the income tax tab under taxes.

I'm here to help record your estimated tax payment in QuickBooks Online (QBO), @SSS15.

To record an estimated tax payment in QuickBooks, you can create an expense transaction rather than using the income tax tab under Taxes.

The income tax tab is used for recording and managing your actual income tax liability, not for estimated tax payments. Instead, you can follow these steps:

1. Log in to your QBO account.
2. Click the + New button, then select Expense.
3. Select the vendor and your payment account from the drop-down.
4. Go to the Category details section.
5. Choose a Federal estimated taxes account under the Category column.
6. Enter the necessary information and the amount.
7. Once done, hit Save and close.

You can refer to this article for more information: Enter and manage expenses in QuickBooks Online.

By recording the estimated tax payment as an expense transaction and selecting the Federal Estimated Tax category, you can easily track and reconcile these payments in your QuickBooks. The income tax tab should be used for your actual income tax liability, not for estimated tax payments.

Additionally, you can visit this article to track all the money that comes in and out of your business in QBO: Learn where QuickBooks Online detail types appear on your tax forms.

I'm always here to help if you have further questions about recording tax payments in QBO. Don't hesitate to leave a reply in the comment section. Have a good one.