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Does the safe harbor provision mean that since I've already had withheld more than I owed for all of 1999, I don't have to worry about arranging for my withholding to be within 10% of my final liability for 2000?

That's one of the exceptions to the underpayment penalty. If you've paid in 100% of last year's total tax liability (or 108.6% for high AGI taxpayers), you meet the penalty exception. Sock the money away for the rainy day that's coming next year.


P.S. Remember that the stock market is usually considered a poor choice for money you need in the next couple of years - or next April 15.
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