The circumstances you described earlier that you were notified in September 2024 that you're a beneficiary and then you received the inheritance in 2024 but Quarter 1, 2, and 3 estimated tax deadlines had already passed. That is exactly what Annualized Income method to calculate the penalty is for. So you will not have the Estimated Tax Penalty for this inheritance distribution as long as you pay your estimated tax by the Q4 Estimated Tax Payment deadline as discussed.
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