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Get your taxes done using TurboTax
Sounds right to me.
Unavoidable Downside:
Although your cap gains don’t count toward determining your cap gains tax rate, they do count in your taxable income (AGI). So, next year’s quarterly payment to exempt a penalty is
($30k + $60k) / 4 = $22,500 not $7,500.
April 2, 2021
1:00 PM