YP55
Level 2

Annualizing

Hi,

I converted part of my traditional IRA to a Roth IRA in November 2024.

I understand that I need to pay taxes on the conversion, but I also need to pay underpayment penalties because TurboTax assumes that all income is taxed evenly across all four quarters. It used to be that searching for "Jump to annualizing your tax" (or something similar) would take me directly to the section where I could enter my quarterly income and avoid the penalty. But now, the search just brings up a digital assistant with a bunch of unnecessary information.

Does anyone know how to access the annualizing section in TurboTax Premier 2024 (desktop)?

Thanks.