Personal Finance & Money Asked on July 15, 2021
When I sell any NSO or ISO (long and short term mixed) there are taxes withheld by the company/brokerage. In my understanding, investing in Qualified Opportunity Zones for a long term has benefits in that some portion (or all if >10 years) of the capital gain is written off. But at least in the near term, there is tax deferral.
But now if I already had taxes withheld, then:
So can this be reclaimed next year? Would I be penalized by IRS for overpayment in such a case? Any gotchas?
Also for 1, is there a way to reclaim the estimated payments or withheld amounts to fully benefit from the QOZ investment?
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