I had taxable income in 2024 from IRA Distributions. This was not related to my job, therefore, no taxes were withheld by my employer. The day after the distribution from the IRA (taxable event), I went to the IRS website and payed the taxes directly to the IRS so i would not get hit with an underpayment penalty at the end of the year.
Where do i enter in Turbotax the additional tax payments that i made directly on the IRS website? If i put them in the "Estimated or Other Taxes Paid" section of Turbotax (which i have tried), it says that i have an underpayment penalty...which is incorrect. Additionally, when all is said and done, i will be getting a refund from the IRS since i actually overpaid taxes in 2024.
Please let me know how to properly enter the additional taxes that i paid directly to the IRS website so that Turbotax does not apply an underpayment penalty based on they way it handles estimated taxes (quarterly tax payments)?
Thanks,
Todd
