@fanfare wrote:
With capital gains of about 48,000, why do you think your tax will be zero?
@Helper82468ASD
The capital gains tax table for 2025 shows $0 tax owed for (long-term) gains up to $48,350.00. Therefore, I gather if my long-term capital gains is under this value then I owe no taxes. I certainly will pay estimated taxes if I am supposed to.
For... "Was your 2024 federal tax Zero? if so, you don't have to pay 2025 Estimated tax; there will not be a penalty."
No. I have 2024 federal taxes from employment and other items. I will have to make a tax payment in April as well.
Planning to consult a tax person as I have other questions as well. Thank you.
