[Note: I originally posted this on the "SA Ask the Stock Advisor Team" board, but no one knew there and advised mer to post here!]Not that this case is true for me this year (and probably not for several), but what is the appropriate way to handle taxes when you have large long-term cap gains? IOW, if you cashed out of a position in July for what amounts to, say half, your day job withholding earnings for the year, do you immediately pay the IRS 15%? How do you avoid penalties come April 15?I'm sure this has been asked and answered several times before, but I couldn't discover any links, at least through my search efforts.Thanks for any insight,BB
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat