asked

If my income consists of $3k in dividends and $40k in capital gains from selling stock in December 2017, how is my tax penalty calculated for submitting my tax return on April 15, 2018 if I make no estimated tax payments in 2017? If I make an estimated tax payment to NY on December 1, 2017, for the capital gains I would receive on December 15, 2017, would I avoid a tax penalty? What if I make the payment to NY on December 20 instead of December 1 - how much would be my penalty (roughly), if any?

August 24th, 2024

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