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my income will be significantly less in 2022, how can I calculate correct estimated taxes
My income will be significantly less in 2022 than 2021, due to a large capital gain in 2021. But I am also self employed so I have to pay estimated taxes. How can I adjust the estimated taxes to reflect the lower income in 2022? It is giving me estimated taxes based on 2021 income/capital gain which will be way too high.
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‎April 1, 2022
1:44 PM