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PA Underpayment of Estimated Tax
I need to annualize (i.e., enter my income by quarters) my PA income because I receive 85% of it in the final quarter. However, I can't access the Exception 2 area of the PA REV-1630 worksheet. TurboTax asks me if I want PA to calculate the penalty. If I say "yes," the program exits the "underpayment" section. If I say "no," TurboTax calculates the penalty based on Exception 1, i.e., the assumption that the tax should have been paid in equal installments based on 2023's tax, which was less than 2024's. I've done the arduous work of calculating my income by quarter. Now, how do I get it into the TurboTax program?
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March 20, 2025
1:48 PM