Do I need to pay estimated taxes on long term capital gains income? I sold real estate in Jan 2019. Will I pay a penalty if I don't make est. payments in 2019?

[Coleen3 · Accepted solution]

Yes, you should make an estimated payment on the tax of whatever profit you make on the sale. If you choose to make four payments, make a larger one up front, rather than at the end. If you underpay your 2019 tax liability, you will pay a penalty.