“I sold my primary house too fast so I could maximize the profit! And somehow the profit evaporated since I cannot pay the $20k unexpected tax. No, I didn’t use that profit to buy my current house - I owe $272k on a $280k house haha. And I don’t have much in savings. Despite being in a tax bracket that means I make At Least $231k/year. And having comparatively tiny student loans.”
I am so confused. Do they empty any savings accounts and investments and light their money on fire quarterly?
Meghanshadow t1_jeh40xy wrote
Reply to comment by InsayneShane in 20K IRS bill and no idea how to handle by cleaningupmess2023
“I sold my primary house too fast so I could maximize the profit! And somehow the profit evaporated since I cannot pay the $20k unexpected tax. No, I didn’t use that profit to buy my current house - I owe $272k on a $280k house haha. And I don’t have much in savings. Despite being in a tax bracket that means I make At Least $231k/year. And having comparatively tiny student loans.”
I am so confused. Do they empty any savings accounts and investments and light their money on fire quarterly?