DianeW777
Expert Alumni

Investors & landlords

Not exactly. The sooner you file the less penalty and/or interest you will have, however you cannot go backwards to pay estimated tax. When you file your return you will know your total tax due and it's possible to have penalty and interest depending on the period the cash out occurred.

 

You can pay as soon as you know the amount to the IRS using this link: Pay IRS Online

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