darkglass
New Member

Estimated Tax Payment

Should I pay/submit an estimated tax payment on the redemption of I-Bonds during the course of the year.  Ie.  I redeem I bonds now (March).  And, then pay estimated tax on the interest for those I-bonds in the first quarter April 15th?  OR Can I wait until the end of the year without a penalty?  I know that for Treasuries like bills, bonds, notes...  I have to pay estimated tax for interest payments due the next scheduled estimated tax payment date.