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How do I report a payment made through "IRS direct pay" from our bank account to cover tax due for end of year ROTH conversions?

 
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5 Replies
AnnetteB6
Employee Tax Expert

How do I report a payment made through "IRS direct pay" from our bank account to cover tax due for end of year ROTH conversions?

That payment would be entered into your tax return as an Estimated Payment.  

 

See the information in the following TurboTax help article for directions to enter the amount:

 

Where do I enter my estimated tax payments?
 

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Ted4561
Returning Member

How do I report a payment made through "IRS direct pay" from our bank account to cover tax due for end of year ROTH conversions?

I have the same situation and question, but I'm following up to ask whether I could enter my direct fed & state tax payments under the "Other Income Taxes Paid in 2025", "Withholding not entered on a W-2 or 1099".  When I do that, the outcome seems to be the same - no penalty.  But the guidance of AnnetteB6 makes me wonder if I am doing something wrong :(

How do I report a payment made through "IRS direct pay" from our bank account to cover tax due for end of year ROTH conversions?

what "situation" are you referring to.  when you make a payment to IRS you identify the payment type which should be estimated tax and then enter it on your return as such.  why are you trying to classify it as withholding?

DavidD66
Employee Tax Expert

How do I report a payment made through "IRS direct pay" from our bank account to cover tax due for end of year ROTH conversions?

The previous answer is correct, you enter the payment on your return the same way you identified it when you made the payment, which should have been estimated tax.  You do not enter it as "Withholding".   

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Ted4561
Returning Member

How do I report a payment made through "IRS direct pay" from our bank account to cover tax due for end of year ROTH conversions?

Thank you Annette and David - I changed how I reported the tax payments as you advised. I think my confusion stems from not understanding the tax jargon differences of withholding & estimated taxes - even though I've been doing my own taxes for decades. 

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