Hi Fools,I'd reaped captial gains in 98 for which I paid taxes this year. When calculating my taxes TurboTax recommended that I pay taxes in 4 quarters since my withholding was not enough and I ended up paying some taxes. At that time I thought that this year I'll not sell any stock and hence I donot have to pay those quarterly payments.But I did sell stock this year when the market was at peak and am buying my first home. This was unanticipated and now I face paying penalty for almost 15K in gains (all short term btw nto CSCO stock, that is for long term). I know I can increase my withholding from now to end of year to reduce the tax burden and avoid the penalties. On top of things I now have learned that I will get a hefty bonus and salary hike. How do I deal with this situation to avoid the penalty? Is there something I am missing?Any other ideas you can recommend?RegardsNikhil BhatCisco Systems Inc.
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