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Author: GLSHEFF Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121480  
Subject: Estimated taxes Date: 3/28/2000 8:34 AM
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I have read the FAQ but still have questions. Bear in mind that I am looking at taxes for next April,(tax year 2000)
Since I have retired this year, I will have income from receipt of my retirement in company stock. Also expect to sell some of that stock later in the year incurring LTCG with no withholding in either case. Hence, estimated taxes are due. Am I understanding correctly that I need to pay quarterly, an amount equal to my total tax liability for year 1999? Will this prevent a penalty even though I may actually owe more at the end of the year?

Thanks
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