When I filed my taxes in February 2019, TurboTax generated 4 vouchers for 1040-ES payments because I rolled over $15,000 in a traditional IRA to a Roth and had over $2000 in taxes due. I made the first 3 payments and have decided to take advantage of the solar electric tax credit for this year.
Do I have to mail in the voucher due on January 15, 2020. I'll have a great deal of tax credit and don't see a need to send it in unless the IRS would be expecting it and it would result in a penalty. I should be able to complete my taxes by early February, at the latest.
No. They are optional to pay. You might not have needed to even send in the first 3 if it was because of a one time conversion.
Don't forget to enter the estimates paid into your return next year.
It wasn't a one-time conversion. I converted the same amount this year. It was only recently that I decided to take advantage of the 30% tax credit for the solar array we're installing. I'll have plenty of credit this year! Just didn't see any sense in sending in more in advance. Thanks for your response.