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Old 11-11-2007, 03:08 AM
haakee haakee is offline
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Join Date: Dec 2002
Location: San Francisco
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Default Re: do you have to make estimated payments on capital gains?

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Per Ray Zee, it seems the estimate is based on 100% of last year - that is probably right, it used to be a %.

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Yes, although if your income is high (north of $150K, I think?) they expect 110% of last year's tax burden or 100% of this year's tax burden, whichever is less.
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