I got some good feedback on another post but wanted to clarify this
*$500k income with federal withholding from paychecks
*sold rental with a 300k long term gain this month
i know about recapture and the brackets and adjusting basis and all that
i just want to make sure I don’t have to fork over a huge chunk of money before the end of 2022….my current plan is to make sure I have 110% of 2021 taxes withheld and have TurboTax guide me thru the rental sale taxes when I complete 2022 taxes in early 2023….is that right in order to avoid a penalty? Thanks
