Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by

Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 1 year ago on . Most recent reply

Capital gains paid to irs
Quick question, I’m in California and will have a sizable, capital gains tax bill owed to the IRS and the state of California in the near future. my question is how quickly does the capital gains tax liability need to be paid? Someone told me that it had to be paid within the same quarter that you sold the house does this sound accurate. Or do you have till next annual tax filing period (April 2025) to pay the capital gains. I don’t wanna incur any penalties or fees, so I’m just looking for some guidance on this.
thanks