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More than a year - the tax won't be due until April 15th of the following year. This will give you time to hold the stock for a year (getting long term capital
by ryan-c 11y ago
More than a year - the tax won't be due until April 15th of the following year. This will give you time to hold the stock for a year (getting long term capital gains rates when you sell).
Really though, talk to a CPA.
- ericwaller 11y agoThat's actually not the case, estimated tax is due quarterly (ex. for income in Q1 of 2016 for which your employer doesn't withhold taxes, you have to pay estimated tax by April 15, 2016). But yeah, definitely talk to a CPA.
- ryan-c 11y agoIt looks like if you have at least 110% your previous year's tax withheld and don't have self employment income you do not need to pay quarterly taxes. https://turbotax.intuit.com/tax-tools/tax-tips/Small-Business-Taxes/Estimated-Taxes--Common-Questions/INF12056.html https://turbotax.intuit.com/tax-tools/tax-tips/Small-Busines... I can't find the actual IRS publication that says this, though.