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New York State Recommended Quarterly Estimate Payments

Turbo Tax recommends splitting the New York estimate between State and Local (NYC) with one-third State and two-thirds City.

 

In the past I have been applying the full estimate to State and none to the City. No issue was ever presented by the New York State when doing this.

 

Can I continue to apply the full amount to the State - or is there a downside when the quarterly payments and annual return are reviewed and evaluated?

 

Thank you.

 

 

 

 

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