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marcapra
New Member

My real question, which you didn't answer, is if I get a capital gain in the 3rd Q, do I owe estimated CA taxes for the 1st and 2nd Qs in the 3rd Quarter?

 
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TerryA
Level 7

My real question, which you didn't answer, is if I get a capital gain in the 3rd Q, do I owe estimated CA taxes for the 1st and 2nd Qs in the 3rd Quarter?

As Rick said in your first post, you can Annualize your income to show that the end of the year had more income than the first part. In TT/Calif in the Underpayment section it asks if you would like to Annualize - reply in the affirmative.

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TerryA
Level 7

My real question, which you didn't answer, is if I get a capital gain in the 3rd Q, do I owe estimated CA taxes for the 1st and 2nd Qs in the 3rd Quarter?

As Rick said in your first post, you can Annualize your income to show that the end of the year had more income than the first part. In TT/Calif in the Underpayment section it asks if you would like to Annualize - reply in the affirmative.

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