I've always offset my taxable captial gains by adding an additional tax amount to my W2 equal to those estimated/realised gains
This year I was laid off mid year, lost that option, and have not yet returned to work
How would I use quarterly tax filing in this scenario
Thanks
You'll need to sign in or create an account to connect with an expert.
The process used in the past can be used with the estimated tax payments. Please remember that the payments should be made quarterly and should cover any untaxed income made in each quarter. Using the very same method used prior, estimate the amount expected to be received from your investments. Total this amount for the year and divide by 4. This will give you the amount to pay in each quarter. Your payments can then be made via form 1040-es found here:
https://www.irs.gov/pub/irs-pdf/f1040es.pdf
or
Thank you for the opportunity to assist with your question!
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mshockey
New Member
QRFMTOA
Level 5
Priller
Level 4
emsolari02
Returning Member
lameboogz
New Member