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No there is no tax break for paying the IRS the underpaid taxes.
If your stock sales were held for more than a year, the gains will be taxed at a special rate.depending on the tax bracket you are in for the total of your regular income + the long-term capital gains.
Click here for further information about capital gains.
No there is no tax break for paying the IRS the underpaid taxes.
If your stock sales were held for more than a year, the gains will be taxed at a special rate.depending on the tax bracket you are in for the total of your regular income + the long-term capital gains.
Click here for further information about capital gains.
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