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Retirement tax questions
The original question was about how to avoid the underpayment penalty due to not paying the estimated tax throughout the year. I'm in the same boat. I tried the suggestion to adjust W-4 but that doesn't eliminate the penalty. This is a common scenario. I would expect TurboTax to ask about the date of the IRA withdrawal and fill out form 2210 automatically.
Does anyone have a suggestion on how to avoid this penalty?
‎August 2, 2023
3:44 PM