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Dr. C writes:

<<"In general, no estimates are required if your withholding and
credits add up to at least as much as your prior year's tax. "

And mine will.

And then specifically it says:-

"If you receive a large
amount of investment income in one year — for example, you sell
stock at a large gain or make a rollover to a Roth IRA — you may not
be required to pay estimated tax even though you owe a great deal of
tax that year."

All it says about the downside of this is:-

"You won't get this free ride the following year, though. Now you'll
be looking back at a year in which your income was higher. "

But I'm not going to be rolling a chunk of IRA into a Roth IRA the next year so this is a non-issue.

Is there something I'm missing here. It seems from all this that I can convert my IRA to a Roth IRA now, and put off paying the tax burden till April 15 of next year.>>

Nope, you're not missing anything as long as you fit inside the safe harbor. You say you will, so if you wish to delay the tax payment, then you won't have to pay the penalty. I said you "may have to," not that you would. Just ensure you will indeed meet the requirements so you don't have to, and you'll have no problem.

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