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Thanks to 80% gain on Nasdaq, I found myself having a larger sum of capital gains this year, now that we are nearing the end of the year.

I had about $15,000 capital gain last year. My accoutant asked me to send California State an estimated check of $350 dollars each quarter. So I did. Today, my capital gain realized is about $45,000. I wonder if my estimated 4 checks are enough to cover the owed tax, or will I be penalized by California State or Federal?

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