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Investors & landlords
I sold property on 9/11/2019 which will result in owing a sizable amount in capital gains... I estimate $63,000 (20%). I did not paid estimated taxes on Sept 15 to cover this extra amount of taxes for 2019. If I wait to pay this when I file my taxes in April 2020, will I avoid any underpayment penalties if I have withheld 110% of 2018 taxes owed? Or should I send in a payment now to cover this amount?
Thanks!
‎November 16, 2019
11:06 AM