I am currently retired with income from investments only - no SS yet. With no stock sales in 2023 and no capital gains for 23, my tax for 2023 is 0 - getting a rebate due to ACA credits. In 24, we will be realizing a sizeable (500K after 500K exemption for qualifying home sale) capital gain. Since I paid no tax in 23, I understand that I do not have to pay estimated taxes in 24 (same for prior year - no tax liability in 22). If we close and receive proceeds in March of 24, am I ok waiting until April 24 to pay the tax on the gain without incurring a penalty or interest? I read several previous posts that seemed to indicate this, but they were different in that they did have a requirement to pay estimated taxes based on prior income. Thanks for the input.
