Large Long Term Capital Gains in 2022 - How do I know if I'll be subject to a penalty?

[olahimauiice]

In 2022 I made some sales and managed to rack up a large number in Long Term Capital Gains (LTCG)

I have done my best to offset the gains with other long term and short term losses.

While filing taxes in April 2023 for Tax Year 2022 I want to make sure I don't have to pay a penalty

How do I use TurboTax to generate estimated taxes given my LTCG for 2022 and do it before the end of the year. Also how do I tell if my LTCG will trigger a penalty?

[Critter-3]

Since the 2022 program is not fully functional you can use this  calculator here :   http://turbotax.intuit.com/tax-tools/calculators/taxcaster  

Of course you can just use the safe haven option and make sure you have paid in enough so you escape any underpayment penalty ... it is based on an amount you already know ...

You must make quarterly estimated tax payments for the current tax year if both of the following apply:

- 1. You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits.

- 2. You expect your withholding and credits to be less than the smaller of:

    90% of the tax to be shown on your current year’s tax return, or

  100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months).

How to make the Estimated payments

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-make-estimated-tax-payments/00/25875