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How does TurboTax Home & Business handle the Annual Installment Income method? (aka "AI")
Can someone answer in detail how TurboTax handles an individual filing where the income is uneven through the months/quarters, and I want to use the Annual Installment Income method to calculate my taxes/penalties? (assuming I have made some estimated payments during the tax year). Which part of the interview addresses this? Does the interview walk you through it? or does it simply "throw you in the pond" and point you to a form soup?
This will determine whether I even buy the software next year (you got me this year, and I'm not on the annual installment this year).
Thanks
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‎June 24, 2025
3:36 AM