I have a similar situation. But, I made the decision to make the Roth Conversion in December. I immediately made a "special" estimated tax payment since that was when I had realized the income. I also made a "reduced" estimated 4th quarter payment in July once I received my Capital Gains forms for the year (they were substantially less than in 2021, the values used to compute the 4 quarterly payments). My penalty this year is greater than the $10 in the original post. Was I penalized by not being prescient about decisions I would make in December wrt Roth Conversions, or the Capital Gains realized by the money market manager's actions? Did I really do something wrong? It's especially galling given that we are getting a large return from the IRS mainly because of the reduced income from the aforementioned Capital Gains.
Frustrating that Turbo Tax only provides the penalty but now how it's computed. There is no Form 2201 included. Nor can I find a way to "decline to pay the penalty".
