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I just sold a property. When are the capital gains due? Is it due now or when I file my 2019 taxes?

 
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Accepted Solutions
JohnW15
Intuit Alumni

I just sold a property. When are the capital gains due? Is it due now or when I file my 2019 taxes?

If you just sold your property -- in 2019 -- you'll report the sale on your 2019 tax return, to be filed next year.  Capital gains taxes would be addressed on that return.

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3 Replies
mediamen7
New Member

I just sold a property. When are the capital gains due? Is it due now or when I file my 2019 taxes?

should I pay estimated tax at the time of 2018 tax return
JohnW15
Intuit Alumni

I just sold a property. When are the capital gains due? Is it due now or when I file my 2019 taxes?

If you just sold your property -- in 2019 -- you'll report the sale on your 2019 tax return, to be filed next year.  Capital gains taxes would be addressed on that return.

I just sold a property. When are the capital gains due? Is it due now or when I file my 2019 taxes?

Well that can be correct if... I did further research and found that if the IRS does not have the tax money before you file your next years taxes you will get a penalty. You must be within 90% of what you owe when you file. Thanks for looking that up.
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