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Sold stock - Do I need to remit capital gains taxes now?
Posted on 7/21/14 at 4:27 pm
Posted on 7/21/14 at 4:27 pm
Or can I just wait till tax time next year and figure it all out then when I do my taxes? I will definitely owe, so will I face any underpayment penalties if I dont remit any time soon?
3
Posted on 7/21/14 at 4:45 pm to Htown Tiger
you'll get a 1099 from your brokerage company at the end of the year and you the amount you owe is included in your 2014 taxes.
Posted on 7/21/14 at 5:10 pm to Htown Tiger
just wait till tax time and pay then. 
Posted on 7/21/14 at 8:38 pm to Htown Tiger
How much was the gain? Short term or long term?
I've always waited until tax time, but it's never been really significant before. I'm interested in the underpayment penalty depending on how much it is.
I've always waited until tax time, but it's never been really significant before. I'm interested in the underpayment penalty depending on how much it is.
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