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I will be grateful if experts on this board will help me sorting out a complicated problem.

To make the picture clear I will present all the facts. Our AGI for 1999 was 49,279 and my Fed Tax withholding by my employer was 4484 which was 200 dollars more than the calculated Tax. I am due for a refund of 200 dollars.Which means My Tax liability for 1999 was 4284 dollars.

Now, this year(From Jan 2000- to March 2000) I have realized short term gains of 27,000 and long term gains of 5,000. I may also ( hopefully) realize some more gains on my investments in the remaining months of year 2000- thanks to the Fool and Mechanical investing. I will be finishing my present job at the end of June 2000- and then I am taking 3-4 months off to prepare for a major exam. Which means I will have no salary( and no withholding) for those months. My husband is also going to college and has no income. My next job probably will start in Oct-Nov or may be Dec.
What I have read about Estimated Taxes here at Fool, my understanding is that if my Tax witholding for year 2000 should be equal to 4284 dollars then I dont have to pay estimated Taxes, as it would be 100% of my last year's Tax liabilty. So the first question is- is my understanding correct?
If I am right about the above inference, then what are my options? Can I ask my payroll to increase my witholding for next 3 months till I finish my job. And when I start my next job at the end of this year I ask my new employer to withold Taxes to make up the total amount to 4284 by year end. In case I dont start the next job this year then I pay estimated Taxes in the last quarter to make up for the amount of 4284.
I really dont want to pay Estimated taxes at least for now as I can use that money for furthur investments and also would require some of the money during the months we have no income.
Thanks in advance for any help and suggestions.
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