Quote:
Originally Posted by Jenson71
This Vanguard article indicates that while you can withhold some of the rollover, it would be better to pay an estimated tax out of a nonretirement source like cash savings in order to keep the Roth account at its maximum: https://investor.vanguard.com/invest...rom-an-advisor
So rather than withhold 10%, make a quarterly estimate payment of $2k at the time of the rollover. |
Ah, yeah, that makes some sense the IRS would care how the funding is done.
I think you just print a voucher and mail a check and there should be a place on TurboTax to enter payments.
The other option is to withhold an additional amount on your W-2.