Estimated Tax 2020

Tuan2 · ‎July 2, 2020

I did not owe tax 2019. In 2020, I think I will own up to 100k from stock capital gain. If I do not pay estimated tax, will I get penalty when I file tax return 2020?

MinhT1 · ‎July 2, 2020

If you had no tax liability for tax year 2019 (which is different from no tax due at tax time), then you are not required to pay estimated taxes for 2020.

Please read this IRS document for more information.

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View solution in original post

MinhT1 · ‎July 2, 2020

If you had no tax liability for tax year 2019 (which is different from no tax due at tax time), then you are not required to pay estimated taxes for 2020.

Please read this IRS document for more information.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Tuan2 · ‎July 5, 2020

Thanks for your reply and IRS link of estimated tax.

Tuan

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Estimated Tax 2020