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Taxable Income from in plan Roth conversion
i received taxable income for an in plan roth conversion (from 401k to Roth) done in April 2024 from plan administrator. My questions are;
1) When should the taxes on the roth conversion taxable income be paid by without penalties ?. Is it to be paid in 2024 itself or after i receive 1099-R in early 2025 and before April 2025 ?.
2) If the taxes have to be paid in 2024, is there a way to calculate 2024 estimated taxes in Turbotax ?. By what date should the estimated taxes be paid by in 2024?.
‎April 18, 2024
4:39 PM