Need help with estimated tax

Forum|Forum|11 months ago
April 15, 2025
1 reply
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I sold some stocks and bonds last week to buy a house. I know. Bad timing :=( I just realize I may have to pay estimated tax by 4/15. I calculated tax owed assuming 20% for long time capital gain. Do I pay all in first quarter by 4/15, or do I spread it out over 4 quarterly payments?

Thanks!

robtm

Employee

You can do whichever you prefer - pay all now or spread.it out over 4 payments.

KTS2Author

After some searching online, I found the following. It is for 2024. Should be similar for 2025. Since I sold my stocks in April, estimated tax is not due till the second quarter, or June.

Hope it helps others. Now the fine prints. No guarantee it is correct. Use this at your own risk.

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When are quarterly payments due?

Quarterly tax payments are due four times a year. According to IRS, a year has four payment periods with the following quarterly payment due dates: April 15, June 15, Sept. 15 and Jan. 15. If a date falls on a weekend or holiday, the deadline is the next business day.

In 2024, the due dates are: