Hello,
I thought I saw a calculator in Turbo Tax for estimated tax payments for 2024. 2024 is the first year that I have to make estimated tax payments since I'm no longer working. All of my income this year will be made as Capital Gains, both short term and long term, from investments that I am making. Last year in 2023, my AGI was $187k, with taxable income of $155k, and we are receiving a refund of $4,178.
However, including YTD and for the rest of the year, I'm expecting large amounts of Capital Gain Income.
Thank you!
Question 1 - Do I need to make estimated tax payments for 2024 (I'm pretty certain I do, but just want to confirm)
Question 2 - Does Turbo Tax have an estimated tax calculator that I can use?
Thank you for your help!
