Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
diamonds524
Level 1

We are not self employed. Why are we to pay estimated taxes if we are no longer considered self employed? Why the penalty if we are not self employed?

Haven't been able to remove that from Turbo Tax even though I started our return over.
1 Best answer

Accepted Solutions
fanfare
Level 15

We are not self employed. Why are we to pay estimated taxes if we are no longer considered self employed? Why the penalty if we are not self employed?

estimated tax and the penalty for too little quarterly apply to all income, not just self-employment income.

View solution in original post

1 Reply
fanfare
Level 15

We are not self employed. Why are we to pay estimated taxes if we are no longer considered self employed? Why the penalty if we are not self employed?

estimated tax and the penalty for too little quarterly apply to all income, not just self-employment income.

Dynamic AdsDynamic Ads
Privacy Settings
v