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Hi Roy,

Had a question for you concerning potential tax penalty/liability.

I'm taking the year off so I haven't withheld any taxes so far. But I'm converting $30K of my traditional IRA into a Roth IRA so I can take advantage of the lower tax bracket. The conversion will happen this month.

What does this do to my tax situation? Will the IRS slap me with a penalty for not withholding? Or am I suppose to send them an estimated tax payment by Jan 15th?

Any tips would be appreciated. Thanks!
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