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Can I pay my tax to the IRS on sale of gold coins during the current year?
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<p>[QUOTE="Jim-P, post: 7803311, member: 118020"]I haven't had much luck with my searching and researching, so let me ask here.</p><p><br /></p><p>Suppose I want to sell some double eagles and anticipate a substantial capital gain. I don't know how to pay tax due to the IRS other than when I file in 2022. They seem to have all kinds of forms and instructions for people that receive regular income without tax withheld, but nothing for a single non-recurring transaction. Would be nice if they had a 1040-V for the current year, but that would be too creative. My sale will likely not generate a five-digit capital gain, but I would like to avoid any fees when I file in 2022.</p><p><br /></p><p>Am I overthinking this? No big deal if I have to pay a few bucks in late fees in 2022 and maybe be requested to send in a quarterly 1040-ES in 2022 for gains that I will NOT receive?</p><p><br /></p><p>Any advice on what you think I should do?</p><p><br /></p><p>Thanks.[/QUOTE]</p><p><br /></p>
[QUOTE="Jim-P, post: 7803311, member: 118020"]I haven't had much luck with my searching and researching, so let me ask here. Suppose I want to sell some double eagles and anticipate a substantial capital gain. I don't know how to pay tax due to the IRS other than when I file in 2022. They seem to have all kinds of forms and instructions for people that receive regular income without tax withheld, but nothing for a single non-recurring transaction. Would be nice if they had a 1040-V for the current year, but that would be too creative. My sale will likely not generate a five-digit capital gain, but I would like to avoid any fees when I file in 2022. Am I overthinking this? No big deal if I have to pay a few bucks in late fees in 2022 and maybe be requested to send in a quarterly 1040-ES in 2022 for gains that I will NOT receive? Any advice on what you think I should do? Thanks.[/QUOTE]
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