I sold my primary house in June, 13, 2022. that lived for 12 years. My net capital gain after subtract Cost basis + expenses + 250,000 (I'm single) is about $85,000. I was told by CPA ( Not my CPA ) that Dead line to pay tax is April, 18, 2023, and I don't need to make estimated tax particularly on house sale . I filed extension in April, 10 and paid tax at the same time that was enough to cover my tax liability for 2022. Now, Turbo Tax says my underpayment penalties is $580.
Some articles on website (by tax lawyer or CPA), says: For HOUSE SALE capital gain tax Due is April, 18, and no necessary to make estimated tax. I am so confused and shocked now.
Anyone can help me to understand with using clear and simple words? I am in California.
Thank you very much for your time and help in advance.
