Hello,
I guess I have a similar question. I sold a rental property in January 2023 and will owe the IRS a substantial long term capital gain tax. I'm self employed so I always pay quarterly estimated payments to the IRS. My question would be should my 1st quarter payment due April 18 2023 be much larger to account for the large long term capital gain tax realized in the 1st quarter of 2023 or can I spread the tax liability payments out evenly all through the 4 quarters? I of course do not want to incur any penalty for under payment.
Thank you.
Scott
