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Get your taxes done using TurboTax
Annualizing the income is used when you have unbalanced year of income. For example you might have received a large portion of income at the end of the year while others are low receipt. Sometimes you can reduce the underpayment penalty by moving income to another quarter because that when you received it.
Assuming you do not want to annualize the income because there is not enough reduction in the penalty then use the "Delete a form" function.
1. Select "Tax Tools" in the left hand menu
2. Select "Tools"
3. Select "Delete a Form"
4. Find the "MN Annualize Income Worksheet"
5. "Delete"
6. "Confirm Deletion"
"Review" in the left hand menu to continue the review and filing interviews.
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‎February 15, 2023
12:06 PM