Get your taxes done using TurboTax

Mike9241—Thank you. I am a bit confused. My wife and I have a steady income above $150k AGI. 

 

We will sell a rental property this year and expect an LT capital gain of ~$200k. 

 

What do I need to do to prevent tax penalties for 2024 when filing taxes in 2024?

 

I need simple explanation if possible