It is possible that I will owe federal and state taxes for 2021 because of capital gains and dividends that i did not expect. My plan is to do the returns and figure what, if anything is owed, for federal or state taxes. I want to pay the additional taxes before I file my federal and state returns.
In the past, I have filed Federal form 4868 and Virginia Form 760 IP and submitted payments with each. Can I file these forms in Turbotax and submit payments for each?
I don't want to file the returns before I have determined what additional taxes I might owe. I assume I can just reopen the return and go back to it?
Is there any type of worksheet I could use to compute how much federal and state taxes I owe based on income, dividends and capital gains for 2021? I have nearly all the numbers. It is a matter of plugging them in.
