I have a question on unexpected capital gains for 2022 tax year. My wife and I are both unemployed. We took some money out of our IRA's this year with a withholding rate of 20%. We do not make estimated tax payments since I assumed the withholding would be sufficient. In July of this year, a company that I had stock in went private. They paid out all of my shares in cash but did not withhold any tax. I have a sizeable capital gain as a result. I am trying to figure out how I determine if I need to make some type of estimated payment now to avoid any tax penalty. Any suggestions?
