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Retirement tax questions
The conversion will be taxable at your tax rate and may push you into a higher tax bracket. You should send in an estimated payment on form 1040ES to cover the tax. Maybe like 10 or 12% etc. And don't forget your state.
Or you can pay directly on the IRS website https://www.irs.gov/payments
Be sure to pick the right kind of payment and year.....2021 Estimate
‎August 26, 2021
1:09 PM