We did a Roth conversion in 4th quarter of 2021 and paid the estimated taxes for the conversion in the same quarter (one payment using funds from our current salaries), but Turbo Tax is saying we owe a $49.00 penalty. We were told we would not be penalized for not making quarterly payments throughout the year as long as we made the tax payment in the same quarter as the conversion. Even with the penalty, we are still due a small refund from the IRS so we did not underpay our taxes. Do we need to complete Form 2210 to remove the penalty? If so, is this form accessible via Turbo Tax Deluxe? Thank you for your assistance.
