u/HolidayKnee1277

Hello guys,

I'm in the process of selling a car for approximately $340K in LTG that I've owned >1 year. I am in the highest tax bracket. What is the best way to pay the tax man the bill for this (which I estimate to be around 80K) without getting a penalty? Should I just do the IRS direct pay and wire the money? I've read on-line about penalties even if you pay up if you don't do it in the right quarter? No sure I totally understand this. I have a CPA but I have not yet informed them of the sale just yet.

I have already increase my W4 withholdings for '26 to ease the pain.