You'll need to sign in or create an account to connect with an expert.
if your asking about 2022, we can't tell you because we have no idea of what's on your return and then there could always be law changes.
however, there are options you can use to avoid penalties
1) pay in with timely estimates and/or through withholding 90% of your 2022 tax. kind of hard since you don't know what this will be or
2) pay in with timely estimates and/or through withholding 100% of your 2021 tax. the 100% jumps to 110% if your 2021 adjusted gross income is $150,000 or more.
Yes, if you have a capital gain you are expected to pay an estimated tax for the quarter in which that sale occurred.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
vcntlee-umich-ed
New Member
Bluesky-888
Level 2
Sea3_G
New Member
taxquestion222
Returning Member
tf35sc
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.