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Politics : Formerly About Advanced Micro Devices
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To: Pravin Kamdar who wrote (105819)4/15/2000 8:52:00 AM
From: xun  Read Replies (1) of 1572200
 
Pravin,

Based on my read of the tax code, you don't have to pay estimated tax if your 99 return is about even. I have the similar situation except that I have 99 tax liability of $4k. My year to date short term gain far exceeds the entire year of 99. I only need to pay them $1k a quarter for the capital gain to match last year's liability level.

But I am going to cut a bigger check for this year's estimated tax because I don't want to write a huge check this time next year.

Sorry I forget where I read the tax code. You may go to ETrade home page. Their knowledge center has a lot of info on capital gain taxes.

panic
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