I just started working fulltime as a 1099 contractor in November, and thus I should pay my first estimated tax soon. Because it was a half-month for me, it wasn't a lot of income - over $1000 but not by much. Our taxes are going to be fairly complicated this year, with rental properties, two incomes and non-1099 income included, so quickly figuring out what I owe on that one paycheck isn't so simple.
As I've never had to pay estimated before and annual taxes are very soon, am I still required to make this payment? Alternately is there any downside if I just throw an excessive amount of money in as my first payment to ensure I'm above whatever it will be? TIA