Anonymous
Not applicable
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Deductions & credits
just make sure you save enough proceeds to pay of the taxes on the gain on sale of the property. depending on your situation you may need to pay estimated taxes to avoid underpayment penalties when it comes time to file your 2020 return.
withholding and timely estimate tax payments must equal or exceed 90% of your 2020 tax or 100% (110% if 2019 adjusted gross income was over $150,000) of 2019 tax.
‎September 24, 2020
9:54 AM