Quote:
Originally Posted by Cheapbas
You must have done very well to be up in the 32% tax bracket (net $326k after deductions) I don’t think capital gains are quarter to quarter, it’s annually. so set the money aside in a safe place or use it to your advantage to make more money and sell any underwater investments before year end to offset the gains.
|
A quote from TaxAct Blog:
"When to make estimated tax payments
You should generally pay the capital gains tax you expect to owe before the due date for payments that apply to the quarter of the sale.
The quarterly due dates are April 15 for the first quarter, June 15 for second quarter, September 15 for third quarter and January 15 of the following year for the fourth quarter. When a due date falls on a weekend or holiday, your quarterly payment is due the following business day."