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Investors & landlords
Great, let me know if you receive any responses.
Simulating one's expected income this time of the year using the prior year's TurboTax is important to make the decisions such as yours. It also gives guidance relative to withholding Fed and State taxes from RMD's.
If you're not aware, withholding Fed and State taxes from RMD's eliminates the need to file quarterly estimated taxes. Withholding enough from RMD's eliminates the penalty for late payment as long as your RMD is large enough.
Perhaps you can give me the URL or subject and I can monitor the replies??
2 weeks ago