Answered: Can we use the autowithdawal when they owe over $80K ? or does that require an EFTPS account?

Just-Lisa-Now- · ‎12-07-2019

Sold a rental property for close to $1 million without calling me and doing some rough figures on taxes owed UGH!

She had done a 1031 exchange and received this property back in 2000 as part of the exchange...low basis, lots of depreciation...shes got the $$ for the taxes though!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

sjrcpa · ‎12-07-2019

I believe you can unless something changed. I've done them for $100,000.

The more I know, the more I don't know.

View solution in original post

sjrcpa · ‎12-07-2019

I believe you can unless something changed. I've done them for $100,000.

The more I know, the more I don't know.

Just-Lisa-Now- · ‎12-07-2019

thank you!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Can we use the autowithdawal when they owe over $80K ? or does that require an EFTPS account?

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