Refunds of over $700 for both 2019 Fed and State filings - yet I have a $52 underpayment combined penalty. Why?
My tax obligation for my ongoing Soc Sec and pension income is sufficiently withheld throughout the year.
I decided late in 2019 to do a December Roth conversion and paid the full associated taxes on-line at that time. Without even knowing I'd do the Roth - I had no reason to do quarterly payments. And I recall being told that with an event such as this I could make the tax obligation at that time.
Is this correctly being done in Turbo Tax? Is there a way to correct? Or am I supposed to guess of a late year tax obligation ? Thank You , Bob
