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It depends. The IRS is a pay as you go system, so if you didn't pay enough estimated tax in the appropriate quarters you could still have a penalty. It can happen when a refund is the end result. If you did pay it evenly throughout the year and your income was relatively even throughout the tax year you should be penalty free based on what you have explained. The link below should be used to begin  How do I add Form 2210 to my file? Double check your estimated tax payments were entered in the appropriate payment periods. And make sure that you have enough paid each quarter for the income earned. You can review the annualized income/tax method in TurboTax by using the steps below. Have  your 2025 return ready just to confirm your numbers. Open your  TurboTax Online or TurboTax Desktop return Search (upper right) > Type underpayment penalty  TurboTax Online: Click 'See More' at the bottom of the FAQ that pops up > Click on Go to annualizing your tax TurboTax Desktop:  Click the Jump to.. link Continue selecting to use the annualized method and enter the income in the slots where earned.  For wages, interest, dividends or anything earned equally through out the year divide by 12 and multiply by 3/5/8.  Continue to follow the screen prompts You seem to understand the requirements, they are posted here for your convenience as well.    Generally, you can avoid the penalty if your total timely estimated payments and withholdings are greater than or equal to the lesser of: 90% of the total tax after credits for the current year, or 100% of the total tax after credits in the prior year See one exception below. You can also avoid the penalty if the amount you owe is less than $1,000 as long as any estimated tax payments you made are timely.   Note: High-income taxpayers. If your adjusted gross income (line 11 of your 2023 Form 1040) is greater than $150,000 (or $75,000 if you're married and file a separate return from your spouse), you can avoid a penalty by paying at least 110% of your total tax from the prior year.   @disilvios1 

In TurboTax Online, under the search microscope in the upper right hand corner of the screen, enter 'sale of second home'.  The sale is recorded as the sale of an investment.  Or you may follow these steps.   Click on Federal down the left side of the screen. Click on Wages & Income down the left side of the screen. Scroll down to Investments and Savings and click the down arrow to the right. Click Start / Revisit to the right of Stocks, Cryptocurrency, Mutual Funds, Bonds, Other. At the screen Let's finish pulling in your investment income, select Add investments. At the screen Save time and connect your financial accounts, select Enter a different way. At the screen How do you want to add your docs?, select Type it in myself. At the screen OK, let’s start with one investment type, click Other, land, second home, personal items, 1099-S).  Click Continue. At the screen Tell us more about this sale, enter the information. Under What type of investment…., select Second home. Enter the sales information.  You may or may not have received an IRS form 1099-S.  Click Continue. At the screen Let us know if any of these situations apply to this sale, report as necessary.  Click Continue.   IRS Publication 551 page 14, states:   Property Received as a Gift    To figure the basis of property you receive as a gift, you must know its adjusted basis (defined earlier) to the donor just before it was given to you, its fair market value (FMV) at the time it was given to you, and any gift tax paid on it.