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Get your taxes done using TurboTax
Hello there!
Based on the information you have provide, you will likely need to pay taxes in 2022.
I recommend using TaxCaster to estimate your tax liability and using that to make your 4th quarter estimated tax payment.
https://turbotax.intuit.com/tax-tools/calculators/taxcaster/
You can avoid the underpayment of estimated tax if you have paid at least 90% of the tax shown on the return for the taxable year or 100% of the tax shown on the return for the prior year, whichever amount is less.
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‎November 16, 2022
4:54 PM