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Subject:  Re: estimated tax on current yr Roth conversion Date:  3/27/2000  9:44 PM
Author:  TMFExRO Number:  32737 of 127637

<< So, for 2000 Roth conversion, I don't have to pay any estimated tax this year as long as my current estimated taxes are in safe harbor. And, per your article, safe harbor means I have to pay taxes equal to my 99 tax bill, which my TurboTax has already figured. (I'm under 150k AGI). Is this right? >>

Correct. Just so there's no ambiguity, the important amount from your 1999 1040 is line 56. Since your 1999 AGI was under $150K, as long as the line 56 amount from 1999 is paid in four equal, timely estimated tax payments for 2000, you won't owe an estimated tax penalty for 2000, no matter how much you owe when you file.

Phil Marti
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