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Get your taxes done using TurboTax
Actually, what I am thinking about is, as I uses all of my RMD as tax payment, at least 80-90% of taxes for my total AGI are covered. Because all of my RMD and most of the capital distributions and dividends are in the fourth quarter every year, for the first three quarters (or the three 2210 "periods") I don't need to pay any estimated taxes with annualized Income estimate tax payments. This will simply a lot of planning and effort. What do you think about this? Will it work? Is there any pitfall for this strategy?
‎January 9, 2025
9:49 PM