Should I pay estimated quarterly tax payments for current year?

I think prepper has a point.

First, who sold the house? The estate? You would owe tax on it only if the house passed to you and then you sold it.

Second, it would be very unlikely that the estate (or you) would owe much if your brother died in 2014 or 2015 and the house, since it seems unlikely that you would actually have much of a profit after commissions.

The IRA, on the other, all by itself might push you into the 25% tax bracket ($7500) plus the $3000 penalty giving a tax bill on the IRA of up to $10,500.

Track your income for the year for each quarter to see how it matches 2015. You can even use form 1040-ES to calculate your expected income tax and then compare it to your withholding. If the withholding is keeping up with you projected tax, don't bother making estimated payments.

Edit: Who was the payee on the check? The estate? If there were assets not in the trust, not "payable on death", and not beneficiaries, as of IRAs or insurance policies, there had to be an estate. If there were legal problems with the trustee, you need a lawyer, not our guesses.

As long as you will not owe the IRS more than $1000 when you file your 2016 return next year, feel free to ignore the estimated quarterly payments.

You have to pay the Estimated Payments or pay a penalty. Are you sure you handled the gains from your brother's home correctly. Did you use the basis at the time that you inherited it as the basis? Was it sold in his estate?

Yes if you're sure you'll have enough, or close to enough, withheld to pay what you owe, you can ignore the quarterly payments.

you have to have paid in or withheld as least as much as your tax bill was last year, so whether you have it taken from your paycheck or by 1040ES you need to have paid in at least that amount

due to the unusual circumstances you may be over paying but it will be returned when you file if you don't owe it

of course, if you choose not to follow that rule, there could be penalties, and is that something you want to leave yourself open to

your Brothers capital gains go on HIS tax return, not yours and any taxes paid on that would come from HIS estate, not your bank acct - if you don;t expect to have any one time big taxable events and your withholding tax will cover you liability for 2016, you don;t have to do anything - or send in $1 each quarter

Dear friend, you can get a loan from a firm i know. they just helped me with a Business loan, with just 2% interest rate. Feel free to contact them. they will surely assist you.(urgentloans1 AT YAH00 DOT COM) .is trust worthy and genuine

no, fill out form 2210 (uneven income) to show you don't owe a penalty when you file your taxes