I took a sizable distribution from my traditional IRA ($374,000) during 1Q25. I did not have taxes taken out as they will be paid from my brokerage account.
In 2024, I paid $65,531 in federal taxes ( including $1713 NIT). Am I safe paying quarterly estimated taxes that equal 110% of my 2024 tax due ( $72,084 =$18,021 quarterly) I am 64, husband 68 so this is not an early withdrawal nor is it an RMD issue.
We have small social security, rental and farm income so not looking for a 'final' answer, just want to keep my nose clean and avoid a penalty relating to the IRA distribution. We ended up with a refund in both federal and state in 2024.
Thanks
