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Estimated quarterly taxes from last year's return
How do I use last year's Tax Return to figure out my estimated quarterly taxes? I have W2 and 1099 income. Am I correct in thinking that I could take last year's tax from my 1099 income and pay 110% of that (split into quarters) to avoid penalties this year? If so, how do I find the tax liability that came only from the 1099 component?
‎October 27, 2021
9:12 AM