topic Income jumped in 2016 due to inheritance. TurboTax is suggesting that I will have to pay 4 quarterly estimated payments during 2017 of $4,234. Any way to avoid this? in Get your taxes done using TurboTax https://ttlc.intuit.com/community/taxes/discussion/income-jumped-in-2016-due-to-inheritance-turbotax-is-suggesting-that-i-will-have-to-pay-4-quarterly/01/665511#M268591 Thu, 06 Jun 2019 09:56:41 GMT Tom7020 2019-06-06T09:56:41Z Income jumped in 2016 due to inheritance. TurboTax is suggesting that I will have to pay 4 quarterly estimated payments during 2017 of $4,234. Any way to avoid this? https://ttlc.intuit.com/community/taxes/discussion/income-jumped-in-2016-due-to-inheritance-turbotax-is-suggesting-that-i-will-have-to-pay-4-quarterly/01/665511#M268591 Thu, 06 Jun 2019 09:56:41 GMT https://ttlc.intuit.com/community/taxes/discussion/income-jumped-in-2016-due-to-inheritance-turbotax-is-suggesting-that-i-will-have-to-pay-4-quarterly/01/665511#M268591 Tom7020 2019-06-06T09:56:41Z If you are certain that your income will not be the same... https://ttlc.intuit.com/community/taxes/discussion/if-you-are-certain-that-your-income-will-not-be-the-same/01/665514#M268592 <P>If you are certain that your income will not be the same next year, you can just disregard the estimated tax payments.&nbsp; You have the perfect example, extra money one year that you are certain not to have again (might be nice though).&nbsp; The IRS charges a penalty for underpayment of estimated taxes so if you have a big tax owed, Turbo Tax automatically calculates estimated payments based on this year's entries so you do not incur the penalty next year.<BR /></P> Thu, 06 Jun 2019 09:56:42 GMT https://ttlc.intuit.com/community/taxes/discussion/if-you-are-certain-that-your-income-will-not-be-the-same/01/665514#M268592 MaryK1 2019-06-06T09:56:42Z