AGI: I just started QB Self Employed. If my income is $3000 for the quarter, why would my estimated quarterly taxes show as $1000?
Yea, what it’s doing does not make any sense.
From https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
Here is the form to use to calculate your quarterly payments:
https://www.irs.gov/pub/irs-pdf/f1040es.pdf
In your case the answer will be 0.00, unless someone can claim you as a dependent, since the expected income if […]
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