In 2019 I purposely withdrew from my IRA monies in excess of my RMD after fulfilling my RMD. I chose the maximum withholding offered at the time but now my tax due is in excess of $1000. Do I have to pay the quarterly payments in addition to the tax due even though I don't intend to take additional distributions from my IRA in 2020? I just needed some additional funds to have available and will pay the tax due because of the one-time excess withdrawl. I understand that taking the additional funds over and above the RMD requires that I pay the tax on those funds but I don't intend to take the same action in 2020. My normal annual tax due is under $1000 except for this year.
