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Employee
June 7, 2019
Question

Sold a lot of vested RSU in May, around $150000 long term capital gain. To avoid penalty when filing in 2020, do I just make sure I pay 110% of my total 2018 tax paid?

  • June 7, 2019
  • 1 reply
  • 0 views

Sold a lot of vested RSU in May, around $150000 long term capital gain. How do i estimate tax I should pay 6/15/2019? To avoid penalty when filing in 2020, do I just make sure I pay 110% of my total 2018 tax paid? How is that prorated? I.e. If I just make sure I pay 110% of my 2018 tax before 12/31/2019, am I completely safe to avoid the penalty?

    1 reply

    Critter
    Employee
    June 7, 2019

    If I just make sure I pay 110% of my 2018 tax before 12/31/2019, am I completely safe to avoid the penalty?

    Yes ... you are quoting the safe harbor rule to a tee.... make sure it is your tax liability. 

    j9dongAuthor
    Employee
    June 7, 2019
    But how does the quarterly due date work then? i.e. is that withholding prorated in anyway?