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I took a lump sum distribution in 2018 one time only, do I have to pay quarterly taxes for next year? My income will not be anywhere near this amount.

 
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Coleen3
Intuit Alumni

I took a lump sum distribution in 2018 one time only, do I have to pay quarterly taxes for next year? My income will not be anywhere near this amount.

No, if this is not a normal, continuing circumstance, you are not required to pay estimated taxes.

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1 Reply
Coleen3
Intuit Alumni

I took a lump sum distribution in 2018 one time only, do I have to pay quarterly taxes for next year? My income will not be anywhere near this amount.

No, if this is not a normal, continuing circumstance, you are not required to pay estimated taxes.

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