Should I pay capital gains taxes asap ? I sold 2 rental properties this year. Should I wait till Next year and pay capital gains taxes along with filing tax returns.

[hdurina84]

sold 2 rental properties this year.

Should I pay estimated capital gain taxes before year end?

Or can i just wait till next year and pay them when I file taxes?
thanks

[tagteam]

The following is the general rule:

You must pay estimated tax for 2021 if both of the following apply.

1. You expect to owe at least $1,000 in tax for 2021 after subtracting your withholding and tax credits.

2. You expect your withholding and tax credits to be less than the smaller of:

   1. 90% of the tax to be shown on your 2021 tax return, or

   2. 100% of the tax shown on your 2020 tax return. Your 2020 tax return must cover all 12 months.

Note: If your AGI for 2020 was more than $150,000 ($75,000 if your filing status for 2021 is married filing a separate return), substitute 110% for 100% in (2b)