Estimated Taxes 2022

[rmweiss12]

On the ES & W4 Wks there is no entry for rental income or expenses which go on Schedule E.

It seems the calculation for estimated taxes 2022 is done without this data. I have rental income, expenses and passive activity allowed losses (form 8582). This results in a significant negative income adjustment on the 1040 line 8 and a lower AGI when compared with the ES & W4 Wks. Doesn't that mean the calculated estimated taxes 2022 are too high?

[ThomasM125]

What you describe is true. However, when you go though the estimated tax routine in TurboTax, there is a screen where you are instructed to enter Other Income. You should enter your allowed rental loss as a negative number there, so your estimated taxes can be calculated more accurately.

[rmweiss12]

Great; thanks.