5 ms·

Are you familiar with quarterly estimated taxes and the AMT rule?

• weird-eye-issue 6y ago
  You only pay taxes on your yearly capital gains so I don't think it makes sense to pay estimated taxes. I could lose those gains. Not sure where AMT cones in
  • defen 6y ago
    > You only pay taxes on your yearly capital gains I am not a tax professional but I would recommend at least talking to a tax professional about that. Taxes are generally due upon realization of income/capital gains; the quarterly thing is simply because it would be too onerous to have to report literally every single gain/loss as they happened. But I'm not going to sit here and argue with you :)
    • weird-eye-issue 6y ago
      You do have to report every transaction to the IRS and you only pay your taxes based on your year-end gains