This format is MADDENING...PLEASE someone help me find how to get back to where Annualized Income is?? And where to enter business asset/equipment depreciation? THANKS!!!

[yipytya]

Please if someone knows the tabs to scroll through to get to these. I want to cry I've wasted so many hours searching in the blind what sub, sub, sub section these are hidden in, I hate this, please help thank you...

[MindyB]

Here's where to find the items you requested in TurboTax Online:

To annualize:

1. Navigate to Federal > Other Tax Situations > Additional Tax Payments > Underpayment Penalties > Start or Revisit
2. Continue through the questions until you arrive at the screen Annualized Income Method, answer Yes, and Continue on the next 2 screens
3. Now enter annualized info requested

To add an asset to depreciate:

• Navigate to Federal > Wages & Income > Self-employment income and expenses
• Edit the business or add if not listed
• Choose Add Expense
• Choose assets and continue
• Assets will appear in your list of expenses, choose the pencil icon to edit
• Say yes to "Any Large Purchases (Depreciable Assets)?" and continue
• Say yes to "Did you buy any items for any business, rental property and/or farm that cost $2,500 or less in 2024?" and continue
• You can choose to deduct them based on their cost of less than $2,500 if you have a consistent process to record expenses and assets.  If you do, and want to expense them, choose yes.  You are done.  If not, choose no and continue.