Question

I sold standing timber in 2018. What will the tax rate be and can I pay it ahead of time?

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Employee

It depends. Your effect tax rate next year will be influenced by your income and deductions, as well as the proceeds from the timber sale.

TurboTax TaxCaster is a quick and easy tool that may be able to assist you in estimating the tax you may owe.

Note that you can always pre-pay estimated Federal and State taxes. See this post for instructions: How do I make estimated tax payments?

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