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Retirement tax questions
Assuming the $19K is accurate. That is a gain of $21K. Per the tables above that is all 15% long-term capital gains. Depending upon when you sell the property, you may want to make a third or fourth quarter estimated tax payment for (21K*15%).
Thanks again for the follow up question @Sedutra
All the best,
Marc
Employee Tax Expert
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‎June 26, 2024
12:41 PM