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Washu!: IF you can figure it out the best strategy is
to have extra withheld in December, which is averaged
out as if you had it deducted all year long. If you withhold 90% of final tax--no 2210--no penalty. If you withhold 100% of last year's tax--no 2210--no penalty. If you miss it by less than $1,000--no 2210--no penalty. If you miss, maybe you can avoid a penalty on the first 3 quarters with the Standard Method, or at worst with the Annualized Method, or just pay the small Penalty.
Can't answer #1 or #3 but at 7% penalty, if you make that much day-trading, don't worry about it. Main thing is DON'T make installments if you can withhold as they limit your options. See Form 2210 instructions. Ed
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