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Can I delay capital gains tax? Safe harbor
I'm a w2 employee.
recently got some significant long term capital gains in June end.
I know that I have to pay 20 % estimated tax for the capital gains by end of 3rd quarter.
However. I'd rather keep the capital gains money in tbills or HYSA and earn interest.
Can I just pay 110% of the tax liability for 2021 tax year in 2022, to delay paying estimated taxes till April 2023 on the capital gains money
Can this 110% tax liability be paid in monthly installments this year.
Thanks
recently got some significant long term capital gains in June end.
I know that I have to pay 20 % estimated tax for the capital gains by end of 3rd quarter.
However. I'd rather keep the capital gains money in tbills or HYSA and earn interest.
Can I just pay 110% of the tax liability for 2021 tax year in 2022, to delay paying estimated taxes till April 2023 on the capital gains money
Can this 110% tax liability be paid in monthly installments this year.
Thanks
Topics:
‎July 31, 2022
12:26 PM