If you are not reinvesting the proceeds in a Qualified opportunity zone property than you should make estimated tax payment. If you have an IRA on which you are drawing, you can boost the amount of tax taken out to cover the tax. Also you should know that any depreciation you took on the property is recaptured as ordinary income in addition to the capital gain.. If you want to avoid all the tax, you have 6 months to invest in the qualified opportunity zone property. One of the many on line entities that deal in this is Kay Properties, which seem to be reputable, but I have not invested in or do I represent them.
