Question

Roth IRA

Forum|Forum|3 years ago
November 16, 2022
1 reply
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When is tax for 401k conversion to Roth IRA due? I did not make any estimated tax.

The tax owed would be collected when you file your return for the year it was converted. To avoid any underpayment penalty you may need to send in an estimated payment. You can use the TaxCaster calculator to estimate the amount of your refund or expected tax owed. If the results show a tax due you can use this amount as an estimated payment or adjust your withholding for the rest of the year using the W-4 Calculator 2022.

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