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Author: monkban Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: est'd taxes on stock gains? Date: 4/18/2000 9:04 AM
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If someone realizes a short-term capital gain from the sale of stocks in the first 3 months of 2000, must she pay estimated taxes on that gain when she pays her usual estimated taxes in April (she's self-employed)?

Or, can she wait to pay taxes on short term cap gains until the end of the year (April 2001)?

Thanks.
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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 34690 of 121572
Subject: Re: est'd taxes on stock gains? Date: 4/18/2000 11:25 AM
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<< If someone realizes a short-term capital gain from the sale of stocks in the first 3 months of 2000, must she pay estimated taxes on that gain when she pays her usual estimated taxes in April (she's self-employed)?

Or, can she wait to pay taxes on short term cap gains until the end of the year (April 2001)? >>

She needs to include it unless she's using the prior year's tax safe harbor, in which case she can wait. You can read up on the Estimated tax requirements and the safe harbors in the FAQ.

TMF ExRO
Phil Marti

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