I am annualizing my income as I made most of the profit from my new business in the 4th quarter. I have entered my business income by quarter and my wages by quarter already. Now and I asked to enter my AGI less one-half of my self-employment tax for each period. how do I calculate my AGI this way? It is not the same as my business profit plus wages because AGI includes all the other deductions etc. I also had some months of unemployment which were not included in the wage number. I wish there were more instructions on this page.
