Investors & landlords

not enough information.  for some taxpayers, a small amount of capital gains could be taxed at 0% for federal purposes.    

 

2 safe harbors so no matter what your 2021 tax is there are no penalties for owing a substantial amount on 4/15/2022 

 

1) Withholding and timely estimated tax payments = 90% or more of your current year tax or
2) Withholding and timely estimated tax payment = 100% or more of your prior year's tax. The 100% increases to 110% if your prior year adjusted gross income is more than $150,000