Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: diana g who wrote (3586)	1/24/2001 4:38:19 PM
From: Nutty Buddy	Read Replies (2) of 5810

Thanks for the help. That Form 2210 did the trick in Turbo Tax. Now for 2001, I have already realized a gain this quarter. Is there anything in Turbo Tax 2000 that will figure my 2001 1st quarterly estimated payment based on this gain? I am employed and my withholdings at work have always been pretty exact for my work income, but this gain will mess things up. Is there a basic percentage rule per quarter that I can use on these stock/mutual fund sales gains per quarter to stay out of trouble? That 2210 form looked intimidating. Lets say I have a $10,000 short term realized gain this quarter and don't foresee any other gains this year, do I pay the whole 28%(my bracket) in April or do I spread it out over the quarters at certain percentages? Buddy

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