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Get your taxes done using TurboTax
For TurboTax users whose income is uneven across the year, it would be very helpful if TurboTax would prepare form 2210 Schedule AI- Annualized Income Installment Method in which each quarter's income and deductions are calcuated and quarterly amount due is calculated. The program could ask - is your income even throughout the year, or did you have quarters with significantly higher incomes than other quarters? If uneven, you may benefit from filing form 2210. Would you like to calculate form 2210 by the installment method rather than by the annualized method? The lack of this option is a major flaw in TurboTax - especially at the Premier level. We paid appropriate estimated tax based on actual income during each quarter, but because we sold a house in June, we have a penalty. Having to hand calculate this form, and NOT e-file, to avoid a penalty is frustrating. Why doesn't TurboTax address this? Have any users found software that DOES calculate Form 2210 Schedule AI- Annualized Income Installment Method?