Hi @kleinpaul - thanks for your question. It sounds like you are already familiar with Form 2210 for the underpayment penalty, so I'll just point out one distinction - you need to cover the 110% of prior year tax with withholding (see Line 6 instructions for 2210 here) to ensure you are not subject to the underpayment penalty. Otherwise, you would want to make the estimated payment to ensure you don't owe over $1000 when the return is filed. Also, keep in mind the potential need to file a state return and state estimated taxes for your home state as well as the state where the property was located, if different.
Hope this information is helpful!
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