- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Sold stock - Do I need to remit capital gains taxes now?
Posted on 7/21/14 at 9:46 pm to LSUtigerME
Posted on 7/21/14 at 9:46 pm to LSUtigerME
quote:
I'm interested in the underpayment penalty depending on how much it is.
In a nutshell:
You have to have paid in 1/4th of the "minimum" taxes for each payment date, which is April 15, June 15, Sept 15, and Jan 15 (Jan 15 of following year). Withholding is considered to have occured in four equal parts - one for each payment date.
The minimum is the smaller of:
1) 100 percent of your prior year tax (110 percent of your prior year tax if your AGI exceeds 150K)
2) 90 percent of the actual tax you owe for the year.
Posted on 7/22/14 at 6:59 am to LSUFanHouston
Someone might need to dumb that down for me.
I'm probably going to owe about $10k. All long term gains.
I'm probably going to owe about $10k. All long term gains.
Popular
Back to top
Follow TigerDroppings for LSU Football News