ShamelessFreeTaxAdviceFilter: Stock Option Tax Question (Quarterly Estimated Payments)
April 13, 2006 4:33 AM Subscribe
Yes, I am going to try and find an accountant to answer this, but I figured I'd also ask the MetaFilter community... I sold some stock options (Incentive Stock Options) last year. Because they are ISOs, my company did not withhold anything, which I anticipated, so I put enough aside to handle my tax bill. So instead of getting a refund, I owe $7k. Not a problem. I entered the info into TurboTax, and it's telling me I need to do quarterly estimated payments. My question is this, because this was a one time hit and my company is already taking enough withholding from my paycheck, do I really need to make quarterly estimated payments?