Skip to main content
Level 1
June 3, 2019
Question

If sold shares of stock this year, and did not have tax taken out. what do i do?

  • June 3, 2019
  • 1 reply
  • 1 view
No text available

1 reply

Alumni - Champ
June 3, 2019

You upgrade to the Premier edition to be able to report the sale of stock.

If you come up "underpaid" because of massive taxable gains - which I'd guess is unlikely - the if it happens that the gains were all late in the year you annualize your income - TurboTax will help you here- to show that the extra income came late in the, minimizing the underpayment penalty.

Tom Young