Beststash
Full time employment: Posting here.
- Joined
- Nov 8, 2003
- Messages
- 582
I will have about 400K of CDs that will have matured this year - most are short-term brokered CDs at Fidelity. Not all, some are 3-5 year regular CDs at local bank,Penfed, and NFCU and some IBonds(if that matters. This is new to me. I moved to short-term stuff with new money etc. with the idea being to wait until the FED stops raising rates to get any more stocks.
I have no earned income and usually try and keep my tax liability to under about 1K at tax time. So wondering if I will get an underpayment penalty this year. I don't do estimated taxes, etc. but wondering if there is a way, while I have the time before EOY, to make some sort of payment to solve the possible issue? And if so - can it be done online?
In this case and possibly going forward is there a easy or standard way to deal with this other than estimated payments? I normally do my own taxes because they are not complex. No earned income or deductions and only capital gains and interest and SS, pension monies etc.
I have no earned income and usually try and keep my tax liability to under about 1K at tax time. So wondering if I will get an underpayment penalty this year. I don't do estimated taxes, etc. but wondering if there is a way, while I have the time before EOY, to make some sort of payment to solve the possible issue? And if so - can it be done online?
In this case and possibly going forward is there a easy or standard way to deal with this other than estimated payments? I normally do my own taxes because they are not complex. No earned income or deductions and only capital gains and interest and SS, pension monies etc.