Convert IRA to ROTH (cIRA2ROTH) is the following true: cIRA2ROTH in late Dec 2025 results in taxes on full year’s tax bracket being due on 15-Jan-26. - With safe harbor rules protecting any miscalc...
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Convert IRA to ROTH (cIRA2ROTH) is the following true: cIRA2ROTH in late Dec 2025 results in taxes on full year’s tax bracket being due on 15-Jan-26. - With safe harbor rules protecting any miscalculations resulting in taxes due 15 Apr 2026. What is the Form number to report I filed my taxes Quarterly (25% Qtr.1, 50% Qtr.2, 75% Qtr.3, 100% Qtr.3 + cIRA2ROTH in Dec2025) to avoid penalties and how to initiate it in TurboTax desktop Premier. Next, cIRA2ROTH in mid-January, is amount due calculated at what my final 2026 tax bracket will be in 2026 or less (like IRS calculates winning the Lottery)? When is it due, I have seen too many stories: (immediately by end of January, 1st Qtr, 15-Apr26, even use 1040-ES, spreading over 4 Qtrs. with having no penalties). Hard to believe the last one since I read someone convert in November paid tax in late December and was penalized the next 15-Apr, pretty heavily like $2k per $100k-150K.