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Get your taxes done using TurboTax
Below is the portion of my screen capture containing the warning from Turbotax that I will not be able to e-file my 2024 NY return because I am using the annualized income method of calculating my underpayment penalty:
Since receiving this warning, I have modified my New York return so as to no longer use the annualized income installment method, because I am now leery of trying to use it on my New York return and don't want to run into complications at the last moment if I try to annualize. Fortunately, for 2024 my New York underpayment penalty is very small even if I don't annualize. Since I now won't be annualizing on my 2024 New York return, I will not be able to show you a screenshot denying me e-filing when I go to file.
My real concern, though, as I mentioned earlier, is 2025. For 2025, I would like to pay my New York estimated taxes using the annualized income installment method, but I am hesitant to do so unless I am confident that, for 2025, Turbotax will be able to accommodate both annualization and e-filing for New York.