My husband is retired, but does contracting under a sole proprietorship. We paid estimated taxes. The taxes withheld do not reflect on the business P&L. Aren't taxes an expense of the business? They do show in the estimated taxes paid section of the over all return. Why don't they show as a business expense?
All taxes paid are shown under the Deductions & Credits tab in the Estimates & Other Taxes Paid section. If you entered any W-2's, then the taxes shown in box 2 of the W-2 will automatically be entered in the appropriate sub-section of Estimates & Other Taxes Paid. For your business, you have to manually enter quarterly taxes you actually paid each quarter, in the appropriate sub-section of Estimates & Other Taxes Paid.