Comments for Quarterly Tax Payments

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Apr 08, 2011
Tax Payments on Capital Gains
by: Stephanie


Great question, thank you for asking.

Yes, you should be able to sell the additional stock during the first quarter to offset the gain and not have to make the quarterly tax payment.

The quarterly tax payments are usually made in order to account for the total anticipated tax liability at the end of the year.

So, if you still anticipate owing taxes at the end of the year, you may still wish to make a reduced quarterly tax payment so that you are covered and don't incur additional late payment penalties.

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