cputman
Employee Tax Expert

[Event] Ask the Experts: Investments: Stocks, Crypto, & More

More information would be needed to correctly answer this for you. Your age, filing status and if you are collecting social security would all effect this out come. For now I will assume that this is the only income you have and that you are single. You would get to deduct the standard deduction for a single person (Single Filers and Married Persons Filing Separately: $15,750) and then would be taxed on the remaining amount ($39,250). It also matters if these are short term or long term capital gains. The tax rates are different for each. Assuming these are short term gains the tax would be about $4700. Here is a link for our calculator (https://turbotax.intuit.com/tax-tools/investment-tax-calculators/), so that you can put in your specific information to figure your tax. The final amount would be split between the estimated payments that you are making.