Thanks ColeenD3
After a bunch of digging around I found that I could fill out form 2210AI in the forms view and make the penalty go away since my payments each quarter were commensurate with the taxable income for that quarter. It would be helpful however if the step-by-step view of TT, in the spirit of "We will get you the biggest refund", at least had a suggestion along the lines of "You currently owe a penalty of $XXX. You may be able to reduce the penalty by using the annualized income installment method. See NNNN for details".
Even better would be an option in the step-by-step mode to populate 2210 and 2210AI
