Paying Estimated capital gains for 2017

[delbugman]

I live in Maryland, we sold property in Delaware in January 2017 that was jointly owned with 2 siblings.  We hold the mortgage (5 year mortgage) on the property.   My share of the capital gains is estimated at $69K.  What forms do I use to file the estimated taxes?

[TomD8 · Accepted solution]

Federal estimated tax payments can be made by mail using IRS Form 1040-ES.  https://www.irs.gov/pub/irs-pdf/f1040es.pdf

Or they can be made online here:  https://www.irs.gov/payments

You may also want to make estimated tax payments to Delaware and Maryland.  (Delaware can tax you as a non-resident on capital gains from the sale of property located in Delaware.)  You should check your closing statement because it's possible that Delaware estimated tax might have been withheld at closing.  Some states require withholding of estimated tax on property sold by non-residents.