Get your taxes done using TurboTax

Yes, let go through the Form 2210 AI together.

• Look at line 1, this shows your entries for your total income. Column a multiplies by 4 since there are 4 quarters in the year and comes up with what your annual income would be if it was just that quarter.
• Line 3 then shows your annual income based on the amounts entered.
• Itemized deductions or standard deductions and QBI are also entered
• Line 13 shows your adjusted income for each column.

Take a look at your form and see which numbers are coming from to determine your income for the year.

To view  your forms and worksheets in their entirety:

• In desktop, switch to Forms Mode.
• For online:
  1. On the left side, select  Tax Tools
  2. Select Print center
  3. Select Print, save or preview this year's return
  4. If you have not paid, select pay now.

I did a very basic example of $1,000 turns into  $4,000 when annualized, I have no deductions the first 3 quarters.  See the screenshot line 13 is the same as line 3 for the first 3 quarters.

The federal and state governments expect  payments when you earn the money. You can make a payment anytime.

Reference: Form 1040-ES, Estimated Tax for Individuals