For 2024 I had a large capital gain in January. Then at the end of the year I bought a home and generated quite a bit of income through the sale of stocks, funds and CDs. So then I had all this income at the end of the year. I did make a quarterly tax payment in Q1 but none in Q2-Q4. And I got dinged for for an estimated tax penalty in TT for $3,000.
So question is does the IRS give you a break if your income is sporadic during the year like my example above? The home purchase was not known until December and the income I needed to purchase it.
