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OK, I think I understand what you are saying. I tried re-estimating using the TT interview to calculate estimated tax payments. I padded some numbers (just in case), and asked it to calculate 100% of my tax (instead of 90%). It came up with an amount for all 4 payments = X   As mentioned in my earlier post, from our 3/31 paycheck, I calculated that the current federal tax withheld was not 35% of the current salary+RSUs. The difference in the amounts is Y.  However, Y is only off by about $3k from the above TT estimate of X. (X+$3K = Y)   From what you are saying, in your above example, if I made quarterly payments of 4000, 4000, 5000, 5000 I would have had an underpayment penalty from Q1 and Q2. However, if I paid 5000, 5000, 4000, 4000, then I would not have any penalty, correct?   So it is to my advantage (if I can't estimate equal payments), to make higher payments in Q1 and Q2, and I can adjust lower as the year goes on, if I know I will be overpaying taxes.   And to avoid penalties, I should overestimate, rather than underestimate.   Am I right to assume that my calculation of this first quarter taxes (using salary+RSU)  is correct? We did not have any capital gains this quarter. Do I need to add in any dividends or interest earned in this quarter as well, or can I assume the interest/dividends are added at the end of the year.   If the above is correct, can I use my calculation of Y as my quarterly estimated tax payment?

Maryk4 Thanks for your quick reply... in a more detailed fashion, ... my question has a focus on the origin of the money... If the origin of the IRA funds [converted to Roth] were stocks and bonds... and not "pensions or annuities",     can the $24k be deducted?

With regard to the 401(k), you are an active participant if additions are made to your 401(k) for the plan year ending with or within your individual tax year.  The employer simply offering the 401(k) does not make you an active participant as long as no such additions are made for your benefit.  However, it's possible that the employer also has a pension plan or some other plan where you accrue an interest that would make you an active participant.  Also, because the plan can use a fiscal tax year, participation in the previous calendar year could make you an active participant for the current year.  To know if any of these apply to make you an active participant for 2024, you would have to ask your employer or plan administrator.

You can go HERE to download the TurboTax Desktop Software.  When you select the product, it will give you the option of Windows or MacOs for the operating system.  During installation, you will be asked to enter your License Code that you already purchased.   Please see these TurboTax Help Articles for more information: How do I get started with TurboTax Desktop How do I find my license code? Troubleshooting TurboTax Desktop for Mac Issues

Did you have to reinstall Turbo Tax or install it on another computer?  For error codes 190 & 119   After you get the program installed or reinstalled the first thing to do before you open your tax return is to update the program and install any state programs you had. Then open your file. So you first might need to start a fake return to be able to download the state program (go to File-New Tax Return).   Then go to FILE -Open and find your return.

Please clarify your question by providing some additional information so we may better help you. Such as: What version of TurboTax are you using? What TurboTax screen are you on? What exactly is TurboTax asking you for? Are you entering your schedule C? Does it say "QBI at risk op loss?

You will need to contact TurboTax support for the problem. Use the key words Billing Issue See this TurboTax support FAQ for contacting support - https://ttlc.intuit.com/turbotax-support/en-us/help-article/account-management/contact-turbotax/L2y9ZKpQB_US_en_US

TurboTax Desktop Open or continue your return. Select Federal Taxes. If using Home & Business, select Personal. Select Deductions & Credits. When asked how you want to enter your deductions and credits, select I'll choose what I work on. Scroll all the way to the bottom of the Your 2024 Deductions & Credits screen and select Done with Deductions. Continue until you see The Standard [or Itemized] Deduction is Right for You! Select Change my deduction and choose which one you'd like. Select Continue to apply any changes.