turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ewspohn
New Member

I sold standing timber in 2018. What will the tax rate be and can I pay it ahead of time?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
PatriciaV
Employee Tax Expert

I sold standing timber in 2018. What will the tax rate be and can I pay it ahead of time?

It depends. Your effect tax rate next year will be influenced by your income and deductions, as well as the proceeds from the timber sale.

TurboTax TaxCaster is a quick and easy tool that may be able to assist you in estimating the tax you may owe.

Note that you can always pre-pay estimated Federal and State taxes. See this post for instructions: How do I make estimated tax payments?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies