Author royalties

[julie_b]

Husband recently began receiving author royalties. I know we report these as income, but when do I need to worry about making quarterly tax payments?  So far it's less than $300.

[AR_CPA2]

Hello julie_b,

If you expect to have a balance due on your tax return more than $1,000 then you need to make quarterly estimated tax payments.  

https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-how-to-determine-what-to-p...