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New Member
posted Jun 1, 2019 7:40:45 AM

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 Replies
New Member
Jun 1, 2019 7:40:47 AM

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