Thanks. That's very helpful.There is a way to do what you want.
In December, do your Roth conversion...withholding an appropriate amount of federal and state tax to avoid tax penalties. Within a few days, take money out of taxable and put the amount withheld for tax into the Roth IRA indicating that this money is an indirect rollover (aka 60 day rollover). This will make your Roth conversion "whole".
In that way, you will have paid taxes by withholding (timely even if done at the end of the year) and done your Roth conversion in December without having to do the 2210/Schedule A1.
Statistics: Posted by MangoSmoothie — Mon May 06, 2024 8:03 am — Replies 4 — Views 289