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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1 Best answer
VolvoGirl
Level 15
Jun 5, 2019 10:56:46 PM
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.
1 Replies
VolvoGirl
Level 15
Jun 5, 2019 10:56:46 PM
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.