I am closing on a rental property sale November 15th. I will have large capital gain and depreciation recapture taxes that will significantly boost my 2024 tax liability vs past years. I have read a lot about underpayment penalties and estimated tax payments. So my question is - if I raise my Q4 (due 1/15) estimated payment to cover the additional tax, will I avoid an underpayment penalty when I file my 2024 taxes? Thanks!
