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Keep in mind that paying in 2017 to be deductible only applies to the state estimate payment. Whether you pay the federal 4th quarter payment in December 2017 or January 2018 is irrelevant. Either way you take credit for it on the 2017 return which is due in April 2018.

Right! There was a time I knew that (back when I was doing my taxes by hand, before AMT forced me to start using TT). I've been making 4th quarter payments in December for so long I forgot the original reason; it was probably just to keep things simple.

You can make as many estimated payments during the year -and the January period following - as you want.

Excellent, thanks.

But you shouldn't try to make a payment very long after January 16.

If the $250k is received in 2017, I'll make the payment first week of January 2018 for tax year 2017.
If the $250k is received in 2018, I'll make the payment in 2018 for tax year 2018, in whatever quarter applies.
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