When I step through the MA interview in Home & Business, TurboTax tells me that I have an underpayment penalty of $50. On the same screen, TurboTax asks, "Do you wish to use the annualization method to figure out your tax penalty?" Answer Yes.
You should see the next screen of "Annualized Income", where you can enter the income amounts to test for the exception.
I am guessing that there is some arrangement of data causes TurboTax not to show you this screen, because it is certainly there.
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