allenmankind
Returning Member

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?