IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Don Roberts who wrote (273)	4/22/1998 9:12:00 PM
From: Rick	Read Replies (2) of 1383

This is the first year that I expect to have a respectable amount of capital gains and I was wondering how to handle this with respect to withholdings... The scenerio is that I currently have my withholdings set so that I am usually right on come tax time... With the capital gains, I am afraid that this will push my income up enough so that I would have to pay a penalty... What I would like to do is make contributions to my withholding on a per sale transaction... Is this allowed??? I know that you are able to make quarterly payments, but from my understanding you are supposed to either make quarterly payments or have money withheld, but not both... Any suggestions??? I just don't want to be caught short at the end of the year... Thanks...

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