So to answer both of the questions that you just asked. While 2024 has not come out, and will not until sometime in November, it would be found as follows:
1. Choose Federal
2. Choose Other Tax Situations
3. Choose Additional Tax Payments
4. Choose Underpayment Penalties.
You can also use the "Jump to" and search for Underpayment Penalties.
In the Underpayment Penalties, you would choose "Yes" to the question "Do you want to review the estimated taxes topic?" This is where you would annualize your income.
Since you have a good amount of 4th quarter income, when you annualize any penalty would be significantly less.
Thank you for the opportunity to answer your questions @kamull01
All the best,
Marc T.
TurboTax Live Tax Expert
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