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Investors & landlords
Yes. Estimated tax is the method used to pay tax on income that is not subject to withholding
You can avoid this penalty if you either owe less than $1,000 in tax after subtracting your withholding and refundable credits, or if you paid withholding and estimated tax of at least 90% of the tax for the current year or 100% of the tax shown on the return for the prior year, whichever is smaller.
For more information check the IRS link.
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March 24, 2025
10:05 AM