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t-goldy
New Member

Do I need to make quarterly estimates because of a one-time capital gain?

Quarterly estimated tax payments are suggested for 2019.  Current 2018 federal taxes owed are $164.00.  An unusual capital gain of $26,000 in 2018.  Not expecting a capital gain in 2019.  Do I still need to make quarterly estimates?

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Accepted Solutions
IreneS
Intuit Alumni

Do I need to make quarterly estimates because of a one-time capital gain?

No - If you don't expect a huge increase in your normal income, like that capital gain, you do not need to make quarterly estimates.

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IreneS
Intuit Alumni

Do I need to make quarterly estimates because of a one-time capital gain?

No - If you don't expect a huge increase in your normal income, like that capital gain, you do not need to make quarterly estimates.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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