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Investors & landlords
Thanks! I realized it's the "adjusted" gross income I need to enter. So that's what I did. A couple of final questions: for net capital gains, do I enter "carry-over loss from prior years"? Am I correct that I don't have to worry about other entries automatically calculated for me? (for example, I have no clue why there are columns for self-employment tax or how they calculate other lines in Part I Annualized Income Installments).
After I annualized the income, the penalty was reduced about 1/2. Is it worthwhile trying to ask for waiver of the remaining penalty? If I ask and IRS determines not to waive, would I be hit with additional penalty or interest for paying this amount late?
Thanks so much!
March 30, 2023
12:30 PM