Quarterly Tax Projection after sale of property

[David McCracken]

Hi All,

Quick tax question here. I bought a house 18 months ago for $132k. I'm now selling it at $275k. I'm expecting about $100k in profit. This will create a substantial tax debt. I've been talking to my CPA about tax implications. He recommends that I do a tax projection to make quarterly payments for Q3 and Q4. It's going to cost about $300. Does anybody else make quarterly tax payments? Is it worth paying your CPA to do a tax projection? Thanks!