Reply To: Single RMD in December considered evenly distributed for California?

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#4724
luke_airig
Participant

If I take a single RMD in December with California state withholding equal to the safe harbor amount does California recognize the withheld amount as being paid evenly throughout the year? If so, this should eliminate the need to file California estimated taxes. The safe harbor amount that would have been paid via the estimated tax payments will be met with the withheld amount from the single December RMD and, if California recognizes the amount withheld as being paid evenly throughout the year, there would be no need for any estimated tax payments.

So, will California penalize me for not making estimated tax payments or will they consider my taxes to have been paid in a timely manner (with the safe harbor amount withheld from the single December RMD)?