I must not have been clear in my problem. I have a modest pension and have more than enough deducted from it to cover my taxes. I also had a big distribution from my IRA in the 4th quarter and paid more than enough at the same time (via form 1040es) to cover the taxes. I have a big refund coming. But Turbotax is calculating a penalty for underpayment. I tried to use Turbotax's Annualized Adjusted Gross Income form to show the 1040es payment; but Turbotax will only allow me to show the regular deductions from my pension.
