Thanks Mike9241,
I had to read you answer 3 or 4 times but I finally think I understand it. Since I don't have to send the IRS any money until 1/15/25, as soon as I get TurboTax 2024 (late Nov.) I plan to run a preliminary 2024 return then send the total tax in one estimated payment and let the IRS send me a refund later so I don't have to send quarterly payments in 2025. Is this viable? Since I did not have to send estimated payments from when I filed for 2023, what form do I use (I can't just stick a check in an envelope and mail it to the IRS)?
(Note, without this one time vacation home sale, I normally have 10% withheld from my retirement and always get a refund. I expect 2025 to return to normal.)
I've decided to drop the entire 1031 idea.
Glenn
