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Retirement tax questions
Without knowing the exact amounts, it is difficult to say for sure, but if you did not incur penalties for underpayment of the estimated payments in the past, you should be okay. There are exceptions to the penalty that TurboTax will be able to walk you through- even if it still applies, you can ask for abatement because it is a rare situation.
See Underpayment of estimated tax by individuals penalty.
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‎January 18, 2025
2:43 PM