large capital gain tax due
I sold my condo and need to know when this year I have to pay my capital gains tax. It is unclear when I have to make my payment. I do not know if I might suffer the wrath of the IRS if I pay next year at filing, or do I have to pay this quarter, June 15? I know the exact amount(s) I have to pay. The variable is due to learning that the gross sale price is added to the top of my adjusted income, which I declare as unfair but oh well, and I will be right at the $517K threshold to invoke the 3.8% penalty or enter the sliding 15 to 20 percent variable capital gains rate. Going to work hard to make sure that does not happen.
Nutshell: When am I required to pay capital gains on real estate sale? At the quarterly filing deadline for the quarter sale occurred, or by the next quarter, or may I delay until filing 2022 taxes?
