I am not sure how to make my payments based on different amounts I see on vouchers 1040-ES and 1040-V.

Can I just go with 1040-ES only and disregard 1040-V? Vouchers generated using Turbotax show different amounts, and it seems confusing to send them at the same time. Also, I had originally picked monthly installments, but I am now considering switching to quarterly ones. In this case, should I print a blank 1040-V and type in an amount that matches what I see on my four 1040-ES?

Thank you in advance for your reply.

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1 Best answer

Alumni

Jun 4, 2019 11:05:25 PM

The 1040ES vouchers are for 2017, to make estimated payments in for 2017 so you don't owe money again next year.

You'll use the 1040V voucher to pay the tax due on the 2016 tax return.

Alumni

Jun 4, 2019 11:05:25 PM

The 1040ES vouchers are for 2017, to make estimated payments in for 2017 so you don't owe money again next year.

You'll use the 1040V voucher to pay the tax due on the 2016 tax return.

New Member

Jun 4, 2019 11:05:27 PM

That makes way more sense now. Thank you so much for your really quick reply!

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I am not sure how to make my payments based on different amounts I see on vouchers 1040-ES and 1040-V.