@baldietax wrote: probably need to adopt the Annualized Income method on Form 2210 to show that the ES lined up with the correct quarterly timing for the income,
Thanks, I did start the annualized 2210. I decided making a spreadsheet made more sense to me and used that to make my decisions about how much to use for Direct Pay. Unfortunately, that doesn't meet the 4 equal payments. I have used Direct Pay several times in the past but never for the large amount I needed in '24. It was never questioned, perhaps it did not meet a certain IRS threshold. Anyway, because of my prior successful use of Direct Pay to beef up my tax payments I simply figured this was "a good way". Bzzz. Wrong answer.
Examining my "Filed Return", There is a "Federal Carryover Worksheet, page 2" Line 6 "Tax liability for form 2210" and that has the correct amount shown even though there is no Form 2210 in my filed return. That worksheet also shows "no penalty".
I think the most prudent thing is to file an amended return and pay more attention to when I make future conversions. I have been using large market corrections on the theory it would reduce my tax liability. What is the saying about being pound foolish?
Thanks for all the great ideas and help lining up my thinking to get this done.
