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Financial Planning / Tax Strategies


Subject:  Capital Gains and State Income Taxes Date:  11/26/2001  12:23 PM
Author:  crice71 Number:  55465 of 127753

Do capital gains affect the level of state income tax liability? And if so, if I have a large capital gain for 2001, should I increase my state income tax withholding? If I underpay, will there be a large penalty? Any insight into this situation would be greatly appreciated.

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