Finally FI
Dryer sheet aficionado
- Joined
- Nov 12, 2022
- Messages
- 39
I'm looking at doing a Roth conversion from funds in my 401k, which is with Fidelity.
I called Fidelity and was informed that they can do an in-plan conversion (to my existing Roth 401k). However, they can't withhold taxes. I would need to pay them myself, separately.
Is there a wiki or existing thread that covers specifics on how to pay estimated taxes, both federal and state?
Is the estimated tax payment process the same for Roth conversions as any other income?
I called Fidelity and was informed that they can do an in-plan conversion (to my existing Roth 401k). However, they can't withhold taxes. I would need to pay them myself, separately.
Is there a wiki or existing thread that covers specifics on how to pay estimated taxes, both federal and state?
Is the estimated tax payment process the same for Roth conversions as any other income?