topic If we just sold a vacation home and will be paying capital gains for 2017, do we need to pay now? Will we be penalized for waiting till tax time next year? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-we-just-sold-a-vacation-home-and-will-be-paying-capital-gains-for-2017-do-we-need-to-pay-now-will/01/323283#M39698 Mon, 03 Jun 2019 19:17:48 GMT gregg-denise 2019-06-03T19:17:48Z If we just sold a vacation home and will be paying capital gains for 2017, do we need to pay now? Will we be penalized for waiting till tax time next year? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-we-just-sold-a-vacation-home-and-will-be-paying-capital-gains-for-2017-do-we-need-to-pay-now-will/01/323283#M39698 Mon, 03 Jun 2019 19:17:48 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-we-just-sold-a-vacation-home-and-will-be-paying-capital-gains-for-2017-do-we-need-to-pay-now-will/01/323283#M39698 gregg-denise 2019-06-03T19:17:48Z If you sold the vacation home in 2016, then any capital g... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-you-sold-the-vacation-home-in-2016-then-any-capital-g/01/323294#M39699 <P>If you sold the vacation home in 2016, then any capital gains would be included in the 2016 tax year. If you just sold you vacation home this year (2017), then they are reported next year for 2017 tax return.</P> Mon, 03 Jun 2019 19:17:49 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-you-sold-the-vacation-home-in-2016-then-any-capital-g/01/323294#M39699 PaulaM 2019-06-03T19:17:49Z