In California, is the annualized method required if you have uneven gain during the year? Or only if you choose it because it's beneficial for you?
Sold my main home in July 2023. The large gain requires payment of estimated taxes to be 90% of current year tax liability. If I calculate the tax liability for 2023, divide by 4 and submit equal payments each quarter, would I be assessed an underpayment penalty for the 3rd quarter if I do not select the annualized method?
Due to the size of the gain, I'm unable to use the 100% / 110% prior year method.
