On the Federal Form 2210, the total annual income that is divided throughout the year is the Adjusted Gross Income (AGI) shown on the Federal return. On the MA Form 2210, the total annual income that is divided throughout the year is the sum of the total taxable 5% income (from Form 1 line 21) and the taxable long-term capital gains (from MA Schedule D line 21).
These amounts are not the same, so the user must enter the breakdown for the annualized method on both the Federal return and the MA return in order to use that method to reduce the underpayment penalty.
[edited 3/11/2025 | 6:45 am PST]
@williasp
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