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What form do I use to send realestate capital gains payment.

Customer Question
What form do I...

What form do I use to send realestate capital gains payment

Accountant's Assistant: The Accountant will know how to help. Please tell me more, so we can help you best.

I sold an investment proper form do I need to send with my Capital gains payment

Accountant's Assistant: Is there anything else important you think the Accountant should know?

Probobly

Accountant's Assistant: What else should I tell the Accountant?

Nothing. I just want to pay my cap gains.

Submitted: 4 months ago.Category: Tax
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12/30/2017
Tax Professional: Tax.appeal.168, Tax Accountant replied 4 months ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
Satisfied Customers: 4,651
Experience: 3+ decades of varied tax industry exp. Tax Biz owner
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Hello. Happy Holidays!! Thank you for choosing this Q&A service for assistance. My name is***** will be assisting you. I am prepping my response. Will get back to you shortly.

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Tax Professional: Tax.appeal.168, Tax Accountant replied 4 months ago

Capital gains payments are usually included in the overall tax due for the year. Are you asking if you can prepay capital gains tax? Still writing...

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Tax Professional: Tax.appeal.168, Tax Accountant replied 4 months ago

You can make estimated tax payments to pay a tax amount in advance. The form that is used to pay estimated taxes if the Form 1040-ES. However, you can pay estimated taxes online if you choose to do so. Still writing...

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Tax Professional: Tax.appeal.168, Tax Accountant replied 4 months ago

Link to Form 1040-ES: https://www.irs.gov/pub/irs-pdf/f1040es.pdf. If you choose to mail the payment in, use Form number 4 that is due January 2018. This is the form used to pay the 4th installment of estimated taxes for TY 2017. I will get the information for you to pay online.

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Tax Professional: Tax.appeal.168, Tax Accountant replied 4 months ago

Refer to either of the links for online payment options.

https://www.irs.gov/payments

https://www.officialpayments.com/pay-federal-estimated-quarterly-taxes.jsp

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Tax Professional: Tax.appeal.168, Tax Accountant replied 4 months ago

Let me give you an example. If you have figured that you will have X amount of $$ in capital gains tax from the sale of real estate. You can pay that amount as an estimated tax payment either using the Form 1040-ES or paying online. The payment would be considered as an estimated income tax payment. Currently, there is no separate category for prepaying capital gains tax.

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