Get your taxes done using TurboTax

Normally if your tax due is less than $1,000 you won't be subject to a late payment of tax penalty. However, that is assuming you make your necessary quarterly tax payments on time. I suggest you complete the underpayment penalties section under Additional Tax Payments in the Other Tax Situations menu in TurboTax to see if the penalty can be reduced or eliminated.

The taxable amount of the ROTH IRA conversion should be in box 9 on the Form 1099-R Summary worksheet. I suggest you review your Form 1099-R entries and make sure you indicated that you moved the money to another retirement account, that you did a combination of rolling over, converting, or cashing out the money, and that you entered the amount converted to a Roth IRA account on the screen that says What Did You Do With The Money from (name of broker):