https://ttlc.intuit.com/community/taxes/discussion/tax-payments-for-real-estate-sale/01/2791307#M1030004 <P>I realized a substantial gain on a real estate sale (vacation property) sold on 6/30/22 that will likely result in a tax bill of over $100,000.&nbsp; Do I need to make tax payments to the IRS this year or just cover the 110% of last year's taxes?</P> Tue, 10 Mar 2026 06:59:43 GMT kleinpaul 2026-03-10T06:59:43Z https://ttlc.intuit.com/community/taxes/discussion/tax-payments-for-real-estate-sale/01/2791307#M1030004 <P>I realized a substantial gain on a real estate sale (vacation property) sold on 6/30/22 that will likely result in a tax bill of over $100,000.&nbsp; Do I need to make tax payments to the IRS this year or just cover the 110% of last year's taxes?</P> Tue, 10 Mar 2026 06:59:43 GMT https://ttlc.intuit.com/community/taxes/discussion/tax-payments-for-real-estate-sale/01/2791307#M1030004 kleinpaul 2026-03-10T06:59:43Z https://ttlc.intuit.com/community/taxes/discussion/re-tax-payments-for-real-estate-sale/01/2792091#M1030005 <P>You won't be subject to penalties for underpayment if you hit that 110% of last year's taxes in your payments (including withholding) for 2022.&nbsp; I would highly recommend you check what the requirements for your state are too as they may have underpayment penalties that are different from the federal side.</P> <P>Also remember that big tax bill will be due April 17th, 2023 so be sure you have the cash ready to pay when the time comes.</P> Wed, 16 Nov 2022 19:40:31 GMT https://ttlc.intuit.com/community/taxes/discussion/re-tax-payments-for-real-estate-sale/01/2792091#M1030005 LJane29 2022-11-16T19:40:31Z