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Do I need to pay the estimated taxes for 2024 after filing my taxes and paying federal taxes for 2023? TurboTax generated 4 form 1040-ES vouchers due to sell of a rental.
I sold a rental property in 2023. I reported the sale based on the information on Form 1099-S in TurboTax. I ended up paying $9914 in federal taxes via Direct Debit.
After reviewing my tax returns, I noticed TurboTax said I have to make 4 estimated tax payments for 2024 and attached the 1040-ES vouchers for reference.
After reviewing my tax returns, I noticed TurboTax said I have to make 4 estimated tax payments for 2024 and attached the 1040-ES vouchers for reference.
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‎April 11, 2024
1:54 PM