Get your taxes done using TurboTax

Paying 100% of 2019 taxes exempts you from an underpayment PENALTY for 2020 taxes.

 

However, you still have to pay INTEREST on the underpayment amount.  Since your cap gains were in Q-1 you’ll pay interest for most of the year.

 

Fortunately, current interest rates are historically low; so if you can make more money in the market it might pay to play it that way.

 

Good news is that you made a lot of money and you have some choices!