Investors & landlords


@Carl wrote:

If you send the IRS 20% of whatever your taxable gain is, then you'll be fine come tax filing time. 


That is not necessarily the case and @TaniaW is better off following the information posted by @Mike9241 and @Critter-3 (i.e., the "90/100/110" rules). 

 

Depending upon the actual gain on the rental property and the amount of depreciation recapture (combined with @TaniaW's other income), 20% could result in an underpayment.