Could someone please advise how I can pay quarterly Federal Income Tax via TurboTax for Roth IRA Conversion During 2019?

[kahuna-69]

I plan to convert a Traditional IRA to a Roth IRA in 2019. I am 68 years old. I have been advised to pay Federal Income Tax quarterly on the amount I convert so as to avoid any IRS penalty. Could someone please advise how I can pay quarterly Federal Income Tax via TurboTax? The 2019 TurboTax software is not available until late 2019.

[Rachel_W · Accepted solution]

You can use your 2018 TurboTax software to calculate Estimates for 2019.

To do so, please follow these instructions:

• With your tax return open, search for 1040-es (be sure to include the dash) and select the “Jump to” link.
• Answer "No" to the question "Do you want to change your W-4 withholdings for 2019?"
• On the next screen, Review Your Estimates, select "Review Now". Answer the questions about things like your 2019 filing status, income, and deductions.  
• Eventually, you'll come to the "Print Vouchers?" screen.  Answer Yes so your 2019 1040-ES payment vouchers can be printed.

Please comment below if you need further clarification.

[kahuna-69]

Outstanding. Thank you so much for the prompt and informative response.

[Rachel_W]

You're welcome!

[TomD8]

If you prefer to pay your federal estimated taxes online rather than mailing paper checks and printed vouchers, you can do so here:  https://www.irs.gov/payments