@Tax_payer03 wrote:
Thanks!. That link to IRS website takes me to tax withholding calculator. Is that the same as Estimated tax calculator, since I am assuming that I have to pay estimates taxes each quarter rather than with holding ?.
I believe that if you use that calculator and include your conversion income, the calculator will tell you "with your current withholding, you will be $XXX short." It will give you recommendations to change your W-2 (which will work perfectly fine), but you would also have the option of leaving your withholding alone, and paying the $XXX amount in 4 equal installments (now, June 15, Sept 15, and Jan 15.)
