I am helping my parents with their taxes, They have moved to an assisted living community and moved all of their mutual fund investments out of the stock market and into

[dcmacneil]

of the stock market and into their money market.  They had a large capital gain as a result.  TurboTax is printing estimated tax payment coupons for 2017 due to the disparity in their income from 2015 to 2016.  The capital gain is a one-time event. Do they really have to pay estimated taxes in 2017?  Their income will return to the 2015 level in 2017.

[MinhT · Accepted solution]

Your parents do not need to pay estimated taxes in 2017 if the large capital gain in 2016 is a one-time event.