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Deductions & credits
However; as I understood what a previous response explained, if my 2019 withholdings of tax, (despite any credits that I might receive), equals my 2018 withholdings of tax, I do not have to make estimated tax payments; as long as my MAGI is less than 150K. This being so regardless of the capital gains of the 2nd property.
I also have to check with a tax pro because the 2nd property was actually collateral against a loan.
It was never used for profit.
But I thank you for your assistance.
‎June 30, 2019
12:34 PM