i sold a rental property sept of 2024 where i estimate i will pay like $70K. when i do my filing on April 2025, will i be charged with penalty for not paying the taxes out right when i received the proceeds of the sale on sept of 2024. if i will be penalized i want to pay now so i can avoid the penalty. i would appreciate anyone's comment.
Very clear explanation, Thank You!
only post with actual forms showing implementation. Thank you
Jason taking over TH-cam 🔥
i sold a rental property sept of 2024 where i estimate i will pay like $70K. when i do my filing on April 2025, will i be charged with penalty for not paying the taxes out right when i received the proceeds of the sale on sept of 2024. if i will be penalized i want to pay now so i can avoid the penalty. i would appreciate anyone's comment.