second home sale

[jercar]

Sold my second home and paying capital gains. Do I have to make prepayments for next when I am not selling another in the future?

[MayaD]

If you expect to have income other than your employment wages, you may need to pay estimated taxes each quarter. 

you may owe estimated taxes if you receive income that isn't subject to withholding, such as:

• interest income
• dividend income
• gains from sales of stock or other assets
• earnings from a business
• alimony that is taxable

For more information, check Estimated Taxes