Question about ES1040.

wkibler52 — Tue, 04 Jun 2019 00:21:28 GMT

Question about whether I have to pay suggested ES 1040 towards next years taxes...…..I cashed in $42000 in IRA money to purchase a house. I normally get a refund every year and this was a one time thing. Confident I will get a refund next year so what happens it I don't pay it and get a refund next year?

TurboTax programs print out those 1040-ES vouchers if a u...

Kat — Tue, 04 Jun 2019 00:21:30 GMT

TurboTax programs print out those 1040-ES vouchers if a user has an exceptional amount of tax liability. Since your tax year for 2018 was unusual, that explains the vouchers. They are printed as a suggestion, but can be ignored if you know that you don't need to make quarterly estimated tax payments in 2019. See the TurboTax FAQ below for more explanation.

https://ttlc.intuit.com/replies/3301872

topic Question about ES1040. in Business & farm

Question about ES1040.

TurboTax programs print out those 1040-ES vouchers if a u...