Contact UsPlanning a 4th Qtr. 2018 Roth conversion ($70K) - can I pay online once in 4th Qtr. at time of conversion or must I make quarterly estimated payments? (I do not have safe harbor where I could pay in 2019 at tax filing time). Do not want any penalties, etc.
In 2017 I also had a Roth conversion where I had safe harbor since I did not do one in 2016 and my 2017 withholding from my pension check exceeded my 2016 taxes. Thus no safe harbor in 2018 as my withholding is far short of my eventual tax liability.
As before - my current pension withholding will not cover my tax liability with a conversion. I am likely to owe about an additional $5K to Ca. and about $12K to Fed.
As before - my current pension withholding will not cover my tax liability with a conversion. I am likely to owe about an additional $5K to Ca. and about $12K to Fed.
