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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? 

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1 Reply
MarilynG1
Expert Alumni

annualizing your tax payment penalty, line 38

You can delete Form 2210 from your return, and let the IRS figure your penalty (if there is one).  Since this was a one-time event, probably not.

 

Here's more info on Form 2210.

 

@LtlRedRocker 

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