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Estimated tax penslties
As a senior I can forgo making estimated tax payments by covering my tax bill in our RMD distributions. If we cover only 45% of our tax bill in the RMDs and the rest in only a 4th quarter estimated, should we incur a late penalty on the whole tax bill or just the 55% not paid through RMD? Turbo has assessed us a full penalty. Help!
‎January 28, 2024
7:54 AM