Oh, now that is interesting.
Just to be clear, lets say I paid 30k in taxes for 2020, that is on earned income and capital gains, lets assume a 50/50 split.
If I make a 30k payment for the first quarter of 2021 estimated, then I won't get an underpayment penalty for 2021? Even if at the end of the year I end up owing 500k more in taxes?
Do you happen to know what interest rate the IRS is currently using?
Thanks!
