Quarterly Income Tax Payments Question

by Tim
(LA)

Quarterly Income Tax Payments

Quarterly Income Tax Payments

I sold a stock in the first quarter of this year and established a long term capital gain.


I have to make a quarterly tax payment on the gain in the first quarter of this year to avoid a penalty when filing my annual taxes.

Can I sell another stock during the first quarter of this year and incur a long term capital loss to offset the gain or must I pay the estimated tax?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Quarterly Tax Payments

by Tim
(LA)

I sold a stock in the first quarter of 2011 and established a long term capital gain. I have to make a quarterly tax payment on the gain in the first quarter of 2011 to avoid a penalty when filing my 2011 taxes. Can I sell another stock during the first quarter of 2011 and incur a long term capital loss to offset the gain or must I pay the estimated tax?

Click here to read or post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?