Re: Novice tax question

Thank you very much for all the replies.
To be honest, I am not sure I agree with the idea that we can more or
less predict the year end taxes of the mutual
funds distributions during, say, the first half of the year. I do get
quarterly reports, but stock market performances, and
to a certain extent, the distribution policy of mutual funds, are quite
unpredictable. And the gains from stock are even
more unpredictable (if we can predict that we wouldn't be here, right?
:-) )
In the past, I simply estimate the extra taxes I owed due to the extra
gains and send in one estimated tax payment by january 15. This
year, I think the deadline is january 17 instead. I think I was
charged tax penalty during one year because of that, but doing tax
estimation
each quarter is just too tedious, as one person said (I don't use tax
software).

.

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