Income jumped in 2016 due to inheritance. TurboTax is suggesting that I will have to pay 4 quarterly estimated payments during 2017 of $4,234. Any way to avoid this?

[MaryK1 · Accepted solution]

If you are certain that your income will not be the same next year, you can just disregard the estimated tax payments.  You have the perfect example, extra money one year that you are certain not to have again (might be nice though).  The IRS charges a penalty for underpayment of estimated taxes so if you have a big tax owed, Turbo Tax automatically calculates estimated payments based on this year's entries so you do not incur the penalty next year.