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ranjanpa
New Member

I have made 50K in long term capital gains from shares sold in March 2018. Do I need to pay tax in advance every quarter.

 
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1 Reply
JulieCo
New Member

I have made 50K in long term capital gains from shares sold in March 2018. Do I need to pay tax in advance every quarter.

Yes, the IRS wants taxes paid as the income is earned, so quarterly estimated tax payments should be made to cover the capital gains earned in 2018.

Here is more information:

https://ttlc.intuit.com/replies/3301891

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