This is the first year that I have to pay estimated taxes.
99% of my income is social security, dividends, and capital gains.
I know what my social security will be but how do you estimate dividends and capital gains?
Last year, I think all of my capital gains came in the 4th quarter.
And am I supposed to pay in April for gains that don’t arrive until December? Does the IRS expect you to sell stock to come up with the money? How do you pay estimated taxes on income that you don’t have?
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