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Deductions & credits
@gettaandsteve So your capital gains would be taxed at the long-term rate. You'd be safe to send in 20% of your profits (sale price less original investment plus improvements) by January 15, 2021. You can make payment by check or by using the payment options on the IRS website. I'm linking that below. NOTE: I don't recommend paying by credit card because of significant "convenience fees".
Payments | Internal Revenue Service (irs.gov)
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*** I am NOT a tax expert. I am a seasoned TurboTax user, and volunteer to provide assistance to TT users. Nothing I post is to be considered TAX ADVICE; I bear no legal liability for responses.***
‎December 9, 2020
4:24 PM