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estimated taxes for home sale
I sold my home and will have to pay significant capital gains equaling about ten times my usual yearly tax. According to Pub 505 I don't have to pay estimated taxes to pay the 15% on my home sale earnings since I will have more withholdings in 2022 than my tax in 2021. Yet other documents indicate I may have to pay estimated taxes. Any advice/help will be appreciated.
‎July 2, 2022
6:54 PM