I was able to go through the 1040-es in TT as suggested and after entering all the estimated information for 2020, it calculated updated estimated payments (four equal payments). I then realized that it may be more beneficial for me to use the annualization method for 2020 since my self-employed income varies from month to month.
Is it possible to calculate 2020 estimated taxes using the annualization method in TT? Or does the 1040-es as suggested already take care of that? I was just under the impression that since my income varied, the estimated payments would be different each quarter.
Thanks again.
