cstrassl
New Member

Several questions

Q1:

My father's date of death was November  2021 and his property was sold on June 2022.

1. Do we need an appraisal to avoid capital gains on the sale?

2. If 'yes' to Q 1, what is the appropriate date of appraisal (date of death or date of sale)?

 

Q2:

If I have income from contract work but withhold additional money from my regular paycheck, do I need to file quarterly estimated tax payments?

1. If the answer to the original Q is 'yes' do I file for every quarter or only quarters in which I receive payment for contract work?