Quick PSA for all long-term longs with sub $1 basi
Post# of 145645
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Federal estimated taxes for Q1 and Q2 are due July 15th (extended due to COVID), as the deadline was extended due to COVID. Typically, I think they're due by quarter end.
Disclaimer : far from an expert on this stuff. But I owe enough tax on the 18,500 shares I've sold since March, especially relative to what I have owed in past years, that i am making estimated payments out of an abundance of caution to avoid any underpayment penalties.
Light reading for reference.
https://www.irs.gov/faqs/estimated-tax/large-...utions-etc
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