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Get your taxes done using TurboTax
Just to be clear on this, are you saying that I can wait until December to pay my required estimated (or actual) tax due because the IRS will consider that it was paid out evenly every month or quarter of the year? Remember, when I take my RMD in January I do not have anything withheld, I get all the cash, move it too my Brokerage accounts and other than my quarterly estimated payments I live on it , pension income and Social Security incomes. You're saying that I can take my full RMD on January 1st and pay the full 2024 taxes on December 30th, with no adverse effect?
‎February 12, 2024
5:21 PM