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Get your taxes done using TurboTax
Q. Does one have to pay estimated taxes for capital gains? I have a large amount of capital gains for the first quarter of 2022, am I need to pay estimated taxes on them?
A. Simple answer: No, that is not required. However, you might be subject to an underpayment penalty if you were "short". Usually, if you are currently withholding federal tax at a rate equal to last year's tax, there will be no penalty, even if you owe a hugh amount at tax time. See @MayaD 's reply for details.
‎April 12, 2022
7:38 AM