Question

One time capital gains affecting my future estimated payments

Forum|Forum|6 years ago
March 13, 2020
1 reply
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I move as large amount of brokerage stock from my company to myself. I paid the capital gain tax in my 4th Estimated Payment but it still is affecting my 2020 estimated payments.

What is the fix for workaround?

Technical Help

M

MinhT1

The 2020 estimated tax payments are just, well.. estimates. If you do not have the same income in 2020, you can change the amounts printed on the vouchers. Just cross them out and write in the amounts you wish to pay in estimated taxes for each installment..

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