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April 7, 2022
Question

capital gains tax exempt for future payments

  • April 7, 2022
  • 1 reply
  • 0 views

I sold a vacation home. Am paying the capital gains tax required. I received forms for 4 equal additional  estimated tax payments for next year although this was a one time sale

    1 reply

    DoninGA
    April 7, 2022

    The Forms 1040-ES for paying estimated 2022 taxes are for your use only.  You do not have to use the forms.  They are not reported to the IRS.

    April 7, 2022

    ok thank you