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Get your taxes done using TurboTax
you'll need to go thru the Annualized Income (AI) Method on Form 2210 to show the uneven tax liability in Q4 and associated estimated tax lining up with that. Under "Other Tax Situations" then "Underpayment Penalties" you should get the option to adopt this method. You'll need to calculate and provide YTD numbers for AGI etc for 3/31, 5/31 and 8/31. Once you get done I would suggest going through the various 2210 forms generated under Forms view or in the PDF of your return with "all forms and worksheets". There will be a worksheet which shows exactly how any residual penalty is calculated by quarter.
This is based on desktop version not sure about online but should have similar process.
‎February 9, 2025
5:32 PM