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Get your taxes done using TurboTax
Since I paid $0 for the stock, 15% to feds ($236k) and 5% (same % as IL income tax, not a different amount for capital gains?) ($78k) to Illinois?
Does the $70k quarterly estimated federal tax and $12k quarterly estimated IL tax prepayment for 4th quarter 2021 sound correct enough to you to avoid underpayment penalties?
‎January 26, 2022
11:08 AM