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calculating estimated taxes for capital gains on sale of a house
I filed by 2024 taxes (in early March) and subsequently sold my house (in late March). I will owe capital gains tax on the house sale. I assume I must pay the capital gains taxes prior to April 2025 as estimated taxes. Can I use Turbotax to calculate the estimated payments I must make before filing my 2025 taxes in April, 2025? If so, are there any instructions on how to use Turbotax to calculate these estimated taxes? Thanks for any replies.
‎April 7, 2025
10:28 AM