travelover
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 31, 2007
- Messages
- 14,328
As mentioned in other threads, I'm buying a house cash. I ended up pulling out $70K from an IRA with no withholding. My question is, "how do I make sure I'm not stuck with an under withholding penalty at tax time next year"?
I could send in a quarterly amount this quarter but I'm tapped on cash. Alternately, I believe I can have withholding done later in the year (by Vanguard) and I won't be penalized for the later time frame. Is this correct?
If so, can I just make a withdrawal from my money market account at Vanguard later this year and choose 100% withholding?
I could send in a quarterly amount this quarter but I'm tapped on cash. Alternately, I believe I can have withholding done later in the year (by Vanguard) and I won't be penalized for the later time frame. Is this correct?
If so, can I just make a withdrawal from my money market account at Vanguard later this year and choose 100% withholding?