Thanks for clarifying! I must have been confused by your suggestion #2 above.
If the OP's investment house withholds $2200, sends him a check for $7800, and he then deposits $10,000, how is the $2200 a conversion/rollover? Where does the $2200 come from?
I am in a similar situation of likely needing to withdraw more from my tax deferred IRA this 4th quarter than I planned for in my first 3 estimated payments. The first 3 were for Roth conversions, but the next one will be for a new roof. Whether a conversion or just a withdraw, taxes will be owed in excess of what was planned in my earlier payments.
Will I avoid the hassle of form 2210 and Equalization of Income if my withdraw has taxes withheld? At the end of the year it will still look like my first 3 payments are less than 75% of total withdraws.
If my first 3 estimated tax payments plus money withheld from my future large 4th quarter withdraw exceed 90% of total tax due, does the IRS overlook the shortage on the 1st 3 payments?
