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March 17, 2023
Question

Is the irs assuming we will make a large sum of money for 2023 because we cashed in our 401-k in 2022. i filed taxes, then got an estimated tax of 39000 for 2023

  • March 17, 2023
  • 1 reply
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1 reply

DoninGA
Employee
March 17, 2023

TurboTax provides the Form 1040-ES for paying 2023 estimated taxes based on the income reported on the 2022 tax return.  The forms are for your use only and do not have to sent to the IRS if you chose not to do so.  The forms/payments are Not reported to the IRS unless you actually send the form.