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Get your taxes done using TurboTax
Well, as they say, when it happens once--**bleep** happens. When happens twice, a coincidence; a third time and it's enemy action. So, we have three users posting in this thread who used the interview approach and tried to get the software to properly calculate an under payment penalty using the annualized income approach and the software fails to calculate the penalty properly. In my case, I used the interview approach and when it appeared to be incorrectly calculating the penalty (the indicated penalty did not change from the non-annualized approach), I checked the actual forms and found that none of the data that I had entered in the interview process had been carried to the forms.
TurboTax--are you listening??!!! There is a bug in your program.