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Selling home june 2018 will have $700,000 in LT capital gain. Alimony income is $50,000. How much will I owe on this large gain as a single filer?
My alimony income is around $50,000. Have been making quarterly estimated tax payment. I am selling my house of 20 years this june 2018 and will have over $700,000 in LT capital gain.
How do i estimate my quarterly tax payment for 2018 so not to be liable for under payment penalty in 2018 when the sale of my home won't happen until summer 2018? And how much tax will I owe?
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‎June 4, 2019
4:12 PM