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Why do I see Form 1040-ES Payment Vouchers on my federal tax return? I have normal W-2 income via my employer and some capital gains from my brokerage account, that's it.
Why do I see Form 1040-ES Payment Vouchers on my federal tax return? I have normal W-2 income via my employer and some capital gains from my brokerage account, that's it.
I have 4 vouchers, each for an amount of $756. Can't quite figure out why.
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June 5, 2019
10:56 PM
last updated
June 05, 2019
10:56 PM
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Why do I see Form 1040-ES Payment Vouchers on my federal tax return? I have normal W-2 income via my employer and some capital gains from my brokerage account, that's it.
You can ignore them. The estimated payments are optional to pay. They are estimates for next year. Turbo Tax doesn't want you to owe next year. They might have printed out if you got a one time large income this year. Like if you took a IRA or 401K distribution. They DO NOT get sent to the IRS or state with your return.
June 5, 2019
10:56 PM
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Why do I see Form 1040-ES Payment Vouchers on my federal tax return? I have normal W-2 income via my employer and some capital gains from my brokerage account, that's it.
You can ignore them. The estimated payments are optional to pay. They are estimates for next year. Turbo Tax doesn't want you to owe next year. They might have printed out if you got a one time large income this year. Like if you took a IRA or 401K distribution. They DO NOT get sent to the IRS or state with your return.
June 5, 2019
10:56 PM
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