Do I Have to Pay Estimated taxes on my capital gain and by when ...

Question by hippydad93 : Do I Have to Pay Estimated taxes on my capital gain and by when?
I am currently closing on the sale of my rental property and Will Have to pay capital gains because i am not doing a 1031 exchange. Do I Have to Pay Estimated taxes on the gain or can I bank the money and pay day tax Until it then? Could I just pay a portion of it now and the rest later? What forms do I use to estimate the tax and pay it? Best answer:
Answer by

blueyed Does not matter
This year Have easy answer, and a lot more questions. The answer depends on your regular income transactions, did you ever depreciate the property, Do you have carryovers, etc.. I Would Suggest getting a Form 4797 and start there. If the sale is going to put you Into AMT year position then yes we pay the regular BASIS Estimated gold get stung at the end of the year. Remember Has To Be Paid depreciation After dirty back of property.

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