Question

Is there a way to recalculate the estimated penalty and interest based upon when income was received?

Forum|Forum|7 years ago
June 3, 2019
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TurboTax Premier Windows

Employee

Yes, that's the federal Form 2210 Annualized Income installment method. When you go through the Underpayment Penalty section (i think you have to choose to go there - you probably won't get there by clicking 'Continue' all the time) look for the opportunity to tell the program that your income was earned unevenly and you want to annualize.