Thanks for joining us today, Jerry613!
Yes, you can make the associated tax payment for your conversion to avoid penalties - and I highly encourage it.
This penalty specifically applies when the total tax payments made during the year fall short of either 90% of the current year’s tax that’s owed or 100% of the previous year’s tax.
All your tax payments for the tax year count towards your taxes at the end of the year.
Here is where you can make payments: Make a Payment
Here is a tax calculator that can help you estimate your taxes owed: Tax Calculator
