topic Estimated Tax 2020 in After you file

Estimated Tax 2020

Tuan2 — Thu, 02 Jul 2020 18:04:26 GMT

I did not owe tax 2019. In 2020, I think I will own up to 100k from stock capital gain. If I do not pay estimated tax, will I get penalty when I file tax return 2020?

Re: Estimated Tax 2020

MinhT1 — Thu, 02 Jul 2020 18:27:48 GMT

If you had no tax liability for tax year 2019 (which is different from no tax due at tax time), then you are not required to pay estimated taxes for 2020.

Please read this IRS document for more information.

Re: Estimated Tax 2020

Tuan2 — Sun, 05 Jul 2020 17:57:14 GMT

Thanks for your reply and IRS link of estimated tax.

Tuan