If you're all caught up on the non-Roth tax, and you just made the conversion in early Dec., then estimate what more tax might be due and make sure to pay that by Jan. 15, 2025. Then when you file your taxes, if you see an underpayment penalty you'll want to file form 2210, filling out the A1 schedule to show your income was staggered and you paid estimated taxes based on that.Thanks for the replies.
I'm pretty well caught up on the tax due for all my non Roth conversion income. None of Safe Harbor criteria are applicable. This is my first Roth conversion, so I was unsure how to pay the tax due and how the payment is documented on my 2024 return. My previous withdrawals (from the 401k) had taxes withheld by the fund manager so this is new territory for me.
Thanks again. If I'm missing anything, please let me know.
Shrapnel...
Statistics: Posted by Mullins — Sun Dec 22, 2024 9:09 am