@dc4444 wrote:
I did a Roth conversion in December 2023 and made the estimated tax payment by Jan 15 2024.
Will I have to file Form 2210 to avoid a penalty as the IRS does not know when I did the Roth conversion?
I used TurboTax 2023 - home and business and entered the 1099-R I received. I entered the estimated payment I had made. I did NOT get any notice from Turbo that there may be a penalty.
I selected 'Underpayment penalties' under 'Other Tax situations' to see if there is a penalty related to my Roth conversion. I got:
"Based on your entries you don't have a penalty for underpayment of estimated taxes."
Do I still need to fill out Form 2210 and include with my return? If so, how?
I am using the desktop version of TurboTax 2023 - home and business.
It sounds like you do not need to fill out Form 2210. TT has figured that out and told you so. As described above there is a "safe harbor" rule that might apply to you (can't tell as we don't have your return or enough info). If you meet the safe harbor rule (basically have paid more in withholding/estimates than you owed the prior year) you could owe a million dollars on 4/15 and not owe a penalty.
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