Reply To: Paying Federal Taxes on 2021 ROTH Conversion

Home Fairmark Forum Retirement Savings and Benefits Paying Federal Taxes on 2021 ROTH Conversion Reply To: Paying Federal Taxes on 2021 ROTH Conversion

#16279
agawam27
Participant

Thank you Alan for the detailed information! Since the IRS is only notified of the YEAR of the ROTH conversion, I will just increase the Federal withholding on my remaining CY2021 monthly Annuity checks to cover the $20K taxes due for the ROTH conversion made in March2021.