When and how do I pay taxes on profit from a flip?

[Emerson Irias]

Good evening BP, I just flipped my first property and have a question on when do I pay income tax on my profit? And how do I do it? I have contacted a CPA and he told me that I don’t have to pay for two years or if I invested the profit I may not have to. I have listened to BP pod cast and done lots of research and never have I heard that. As I understand it I should pay quarterly an estimated tax. Please help and thank you in advance.