never too old to learn
    17 years
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I sold a mutual fund last August to buy a SUV.
Well you know the prices of SUVs are way up there, to numbers we've never even dreamed of. For the amount I used to dream of a Porsche 911, not a Chevy.
Note to self. Next time you cash in to buy a SUV, give the IRS their piece.
Was using Turbo Tax Deluxe with State, and during the PA portion, it wanted to know if I wanted the Commonwealth to calculate the penalty.
I said, I'll bite, and clicked yes. It congratulated me that based on the previous year there would be no penalty.
This really tipped me off something's up. I mean sure I already know that I'm not getting a $4k refund like other years and I owe, it's starting to sink in I think Uncle Sam isn't happy with this scenario.
Yep, look at the Fed and sure enough 4 1040-ES's are generated for 2026.
I'm too old to get mad. Ignorance isn't bliss, but good thing I'm rich.
hahahahahaha I just had to say that, hardly. I'll pay and then get it back a year from now. Because 2025 was an exception I won't be making a sale ie capital gain like that next year.
And from this day forward, I'll know I need to kick up the taxes right away. Imagine blowing the money, then what? What I mean is say you gain $10 from a sale, but don't accept that you only got $6.80 for yourself, so you spend $10. Uncle Sam says where's my $3.20, and you haven't got it, then what?
part of life
It depends on what your income situation is, but paying tax estimates has been part of my life pretty much forever. Comes with making money by being an investor instead of by salary.
My nasty surprise this year came when TurboTax greatly raised my NM tax due when I installed an update around February 26. It turns out that NM had made a change from previous years which increased the marginal tax rate for capital gains by 67%, and Intuit had failed to update their NM version to reflect this huge increase until then.
Had such an increase been applied to a socially sympathetic group, it would have been all over the papers, but I don't recall seeing a single story on this one.
personal GPS user since 1992