The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Estimated Tax Payment||Date: 4/8/2000 12:18 AM|
|Author: Lukemark||Number: 33765 of 125861|
With over 33,500 posts to this board, I know the answer to my question must already have been answered a zillion times--so please pardon me for bringing it here again. (I have looked through the FAQ section and read about quarterly payments, but I'm not sure whether that--or some other section--answers my situation or not.)
Anyhow, I have a problem I have never faced before. Since I'm buying a house I had to cash in a large number of my investments--which obviously triggers an estimated tax payment, yes? This payment is due by April 15th, yes?
Which IRS form do I use to figure out the (estimated) tax I owe? (Just to emphasize the point, I do not believe I am in the penalty phase of the game; all my profits were realized between January 18th and March 27th.)
Please pardon my ignorance. I just hope I am asking the right questions, but I am not even sure about that!
Thanks for your help!
A very green, wet behind the ears Fool,
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