Safe Harbor on a tax of a rental property sales

I’m selling a rental property next month.

I need to pay around a total of 35K capital gain and depreciation recapture tax. I was thinking about paying an estimated tax of 35K after the sales.

However, my CPA told me because of the safe harbor, I don’t get a penalty, and no need to pay this tax until next April 15th.

Is this correct? Will anybody explain this safe harbor thing and if I don’t get a penalty for not paying 35K sales tax until the next tax due?

submitted by /u/Mikecar2000
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I’m selling a rental property next month. I need to pay around a total of 35K capital gain and depreciation recapture tax. I was thinking about paying an estimated tax of 35K after the sales. However, my CPA told me because of the safe harbor, I don’t get a penalty, and no need to pay this tax until next April 15th. Is this correct? Will anybody explain this safe harbor thing and if I don’t get a penalty for not paying 35K sales tax until the next tax due? submitted by /u/Mikecar2000 [link] [comments]

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