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Annualized Adjusted Gross Income
Near the end of the Federal Calculation, one is given the opportunity to Annualize one's income, if it came in unevenly throughout the year. However, there is no worksheet to calculate this. I have all the data in Quicken, but this requires, for example, that I figure out my income by quarter reducing it by amounts that were reinvested in retirement accounts. I can find reports that show me all income but then I have to sort through each transaction to figure out if it counted as income or not. Why is there no worksheet to help with this input?
March 1, 2021
2:41 PM