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annualizing your tax payment penalty, line 38
I did a 2024 $100K rollover to a Roth from my IRA in Dec 2024. I payed $22K estimated tax on Jan 06, 2025 before the deadline. TurboTax is saying I owe a $206 penalty but I don't. believe it should be a penalty since it was paid before the deadline for the quarterly schedule and it was a one time conversion. How would I resolve this on my taxes?
March 22, 2025
5:42 PM