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We owed a lot of taxes due to ineritance capital gains. Do I still have to pay estimated taxes for next year even thogh my income will be much more normal for next time?
My wife is retired now & I will be as well as of 3/30/2019. My income should be well below what the estimated taxes were calculated to be due to the huge inheritance capital gains I had to claim for 2018. Hoping that I can go back to not paying any estimated taxes as I normally would get a refund. Am I reasonably safe not to pay the estimated taxes for this situation?
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‎June 1, 2019
8:47 AM