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Taking RMD in lump sum at end of year. Can I delay paying taxes until the 4th estimated tax payment and still avoid a late payment penalty?
I turned 73 this year. I intend to take my rather large RMD as a lump sum mid December. Can I pay the tax for the RMD in my 4th estimated tax payment or will I incur a late payment penalty for not paying the tax in equal quarterly amounts. How is this uneven income reported in Turbo Tax. Thanks for any responses!
March 21, 2025
9:52 AM