This is all over my head. I just found out about quarterly taxes. I sold some stock back in January and February for about a profit over $1,000. However, I didn't take this money out of my WeBull account but rather reinvested it in stocks that are pretty much in the negative at the moment.
1) Do you only have to pay estimated taxes if you transfer the money out of the brokerage account and into your bank account?
2) My overall profit for the year is about $3,000. My AGI was about $38,500. Should I have reported estimated taxes?
3) Does TurboTax have software to help with this?
