You may be able to project the interest and dividend amounts, but it will be difficult to guess the investment gain or loss.
To be confident that you won't owe a penalty, I suggest:
Paying 100% of your 2023 federal tax ( it's 110% if your 2023 Adjusted Gross Income is $150,000 (Line 10 of your 1040) or more)
The Total Tax can be found on line 24 of your tax return (Form 1040).
You can take this amount and divide by 4 and make 4 equal payments..
TurboTax will guide you through the mailing process for your 1040-ES estimated payments.
You can setup an account and pay directly to the IRS Direct Pay With Bank Account
Please contact us again with any additional questions.
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