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OK, now I see we were talking about two different things.

~~Not quite. I'll clarify. In the years you're not taking profit, you'll pay no estimated tax. This assumes that in those years you'll
owe no more than $1,000. You'll just pay your liability with the return.

In the profit-taking years you'd make ES payments based on the prior year's tax.~~

I thought you were talking about the tax in the profit-taking years, which would likely be more than $1000. Even with some increases as my kids get older or finish school and I can no longer claim their deductions, I do forsee my taxes staying under $1000 for non-profit-taking years.

Thanks again,
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