Anonymous
Not applicable

Investors & landlords

The info you provided is  rather incomplete.    what's your filing status?  does someone else claim you as a dependent?  do you have other income and if so how much?  do you have a job where you have withholding?

  the only penalties you would possibly incur is for underpayment of estimated taxes.  there are ways to avoid them.  meet any of the 4 tests below and there are no underpayment penalties.    to see where you stand you could use TT's taxcaster. 

https://turbotax.intuit.com/tax-tools/calculators/taxcaster

 

 

1)   have paid in through withholding and timely estimated tax payments 100% of last years tax

2) thru sane method have paid in 90% of current year tax 

3) the tax due after subtracting withholding is less than $1000

4) you are a US resident or citizen and had no 2018 tax liability on a return that covered 12 months.