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re: Need some quick tax planning advice - LT cap gains

Posted on 12/28/13 at 5:54 pm to tigeryat
Posted by sneakytiger
Member since Oct 2007
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Posted on 12/28/13 at 5:54 pm to tigeryat
So as long as I've paid 110% of my 2013 income tax in 2014 I would qualify under safe harbor and won't get hit with penalties and interest, right?
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Posted by tigeryat
God's Country
Member since Oct 2005
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Posted on 12/29/13 at 8:38 am to sneakytiger
Correct
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Posted by Poodlebrain
Way Right of Rex
Member since Jan 2004
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Posted on 12/29/13 at 9:27 am to sneakytiger
It depends on your 2013 adjusted gross income. If your AGI was less than $150,000 in 2013, then you can pay 100% of your 2013 tax liability.
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