@Kelly C wrote:
Thank you! I think an enhancement to the program would be fantastic. If we were able to populate the gross revenue by quarter in the same form as the estimated tax payments, then it would recognize that 2210 and Schedule U would be needed and automagically fill in those forms. Manual entry is complicated and error prone. And unless you do the step by step instructions, you miss it. Even when I use the step by step instructions, it doesn't ask me for any variance.
No, that wouldn't work. When you fill out the estimated payments section to prepare the Estimates for Next year's return you don't know your income for the year yet. You are entering estimated amounts. Then when you fill out the 2210 underpayment penalty form in your tax return, the year is over and you enter the exact amounts, not the estimated amounts. The Estimates you prepare are for this current year that you will be filing next year. The 2210 needs the prior year actual amounts.
