(no subject)
Nov. 9th, 2010 12:19 pmIt's nice to see that I'm learning from experience a bit. After last year's Painful Tax Surprise, I'm looking at 2010 tax projections now.
Apparently Apple has been under-withholding on the stock income I've had. So I can't avert "Painful", though I can avert "Surprise".
I need to keep in mind that if I sell stock to cover the taxes, I still end up with more stock than if Apple had withheld exactly enough money. Otherwise I'll feel that I'm dipping into my principal to cover the taxes, and that's not a happy thing.
Apparently Apple has been under-withholding on the stock income I've had. So I can't avert "Painful", though I can avert "Surprise".
I need to keep in mind that if I sell stock to cover the taxes, I still end up with more stock than if Apple had withheld exactly enough money. Otherwise I'll feel that I'm dipping into my principal to cover the taxes, and that's not a happy thing.