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Non-Tech : Income Investing

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Markbn

To: bg6638a who wrote (51885)	6/8/2025 2:27:13 AM
From: Heywood40	1 Recommendation of 52115

My accountant says I can use the 110% rule this year. As he explained it, that means as long as I pay some tax in 2024, I can sell highly appreciated stock this year, without having to immediately pay estimated taxes on the capital gains. All I have to do is pay an estimated 2025 tax on 110% of my 2024 income. I sold about $1.6 MM worth of stock that was nearly all capital gains recently, and by paying 110% of my 2024 tax, I will not have to pay the capital gains on that sale until I file in April, 2026. That allows me to keep whatever interest I can earn on that amount (400K or so) from now until April 2026. Here's a link that discusses the 110% rule: activitycovered.com

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