Sold our lake home June 2019. How do I make estimated tax payments on the capital gains for fed and state of MN?

[Rainman12]

Rough hack, with no further info: 20% of net gain to IRS, 5% to MN. 'Net Gain' = (Sales price + Cost of Sale) - (purchase price + cost of improvements).  To pre-pay IRS, see https://www.irs.gov/payments , select '1040 Estimated 2019' ...

[rweggert]

I much appreciate the Q&A as I'm in a similar situation in FL re sale of second home in Sep 2019. I just want to verify the following, inferred from the brief response. There is no need to file a Form 1040ES, you can just estimate the capital gains tax and send the payment via the IRS Direct Pay website? I don't want to mess with adjusting withholding and making quarterly tax payments...just want to make a one time payment for the capital gain from the house sale. Thanks very much.

[VolvoGirl]

Right.  You can pay directly at IRS.  See screen shot but pick 2019.

[rweggert]

Perfect. Thanks again.