Anonymous
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Do I need to make quarterly estimates because of a one-time capital gain?
Quarterly estimated tax payments are suggested for 2019. Current 2018 federal taxes owed are $164.00. An unusual capital gain of $26,000 in 2018. Not expecting a capital gain in 2019. Do I still need to make quarterly estimates?
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June 4, 2019
2:44 PM
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Get your taxes done using TurboTax
No - If you don't expect a huge increase in your normal income, like that capital gain, you do not need to make quarterly estimates.
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June 4, 2019
2:44 PM
373 Views