~Right. You would make minimal ES payments in the years that you are taking profits and pay the full balance with your return (as long as it's under $1,000) in the years you don't.~~ I assume you mean here that the low year tax liability and, hence, the ES payment is under $1,000 and not the full balence. From my first example, the total tax in the profit-taking year is at least a few thousand dollars. Thanks again, -Menachem No, he means the full tax is under $1,000 if you make no estimated payments. You should get a copy of IRS form 2210 and see how the "safe harbors" work, or read the TMF section on installment payments. Ed
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