Exactly what penalty charges are you trying to avoid? We can't see your tax return, so we don't know what penalty you might have. VolvoGirl told you how you might be able to reduce the penalty for underpayment of estimated tax on Form 1040 line 38. Is that the penalty you are concerned about? Or are you asking about a different penalty, such as for an early distribution from an IRA, or for not taking a Required Minimum Distribution (RMD), or some other penalty? Where do you see the penalty that you want to avoid - on what form and line?
