I think this shows I’m going to need a tax accountant to help tackle this one. The question I’m still unclear about is:
Let’s assume the sale of the property occurs in July. Do I need to pay estimated taxes in Q3, and do I need to pay the depreciation recapture in Q3, to avoid penalties? Or does this wait until I file my 2024 return in approx Feb of next year? This way I know when to seek an accountant.
