asked

I need to submit estimated taxes on property I inherited in 1998 and sold on April 30th, 2021. I live in New Mexico, the property was in Colorado. I am 67 years old, married filing jointly, and have no dependents. My income is $60,000 or $360,000 with the property sale. Do I need to make a quarterly estimated tax payment during the tax year?

February 25th, 2023

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