The penalty is interest-based and calculated daily, so if you’re only a bit late, it’s typically just a small amount.

My experience is you are better off seeking the advice of a qualified professional for tax advisory and tax preparation.

Quote from @John Swift: Seeking a pro membership discountSent you a pm ☺

Quote from @Matthew Zuker: With over 25 years of experience and $300M+ in completed developments, I’m currently expanding my platform and seeking equity investors for a pipeline of exciting residential projects—ranging from approved shovel-ready sites to infill and mid-sized developments.

Just recently closed on a DSCR rate-and-term refinance at 7.375% with no prepayment penalty, while also securing a homeowners insurance policy at $915 annually.

Readers are advised to seek professional advice.  

That way, you avoid penalties, and then you can settle any remaining balance by April 15 when filing your return.And just to add, if you miss an estimated payment, the IRS or FTB may charge a small daily interest penalty.

Request: I am a newer investor seeking a mentor or individual experienced in foreclosure sales who would be willing to share some knowledge.About me: my name is Elizabeth, I am a newer real estate investor (licensed in CO) and a full-time engineer.

I’m seeking advice from anyone willing to share their insight.My ultimate goal is to become a limited partner, private lender, and owner of several triple-net retail spaces and residential apartment buildings, eventually working my way up to luxury apartment complexes with 500+ units.

Prepayment penalties- usually 1-5 year terms.