I would like to suggest improvements for the 2026 tax year. Not sure if this is the proper place to pass along issues that can be solved.
I'm newly retired and take SS and raid my retirement and brokerage accounts when needed. Last year, I took out money from a brokerage account in the last week of the year. For some reason, TT wants to assume and passes to the tax authorities that this amount was evenly spread through the year as earnings when in fact it is technically earned only on the date it is taken out. In my case December of 2025. This leads to a penalty because they think i didn't report income since January 2025. The brokerage does not take out withholdings, so it is incumbent on me to report estimated income.
If I am to make estimated payments on my withdrawals in 2026, why isn't there a TT mechanism for me to print out the estimated forms and have it recorded such that it can be applied when TT 2026 is published?
Please forward to senior management in charge of programming.
