I made a large Roth conversion from an IRA in December, and paid additional estimated taxes for it in the same month. Turbotax assessed an underpayment penalty (I understand why). I have two questions regarding the Annualization interview for reducing the penalty.
I get a retirement distribution in January, and any remaining income throughout the year is Div/Int, all of which is relatively easy to calculate for the income portion of the interview. However the next page of the interview asks for short-term gains, long-term gains, and qualified dividends for the three time periods. The data is on my 1099 pdf, and also imported into Turbotax. Two of my accounts are tax-managed to reduce capital gains and have >150 sales and dividend entries each. It would take a very long time to hand-key all this data into a spreadsheet to calculate. Is there a way to copy this data either from turbotax or my 1099 to put it into a spreadsheet so I can calculate?
I also have a capital loss carryover from previous years that I applied as a $3000 loss this year. How do I factor that into the 3 time periods? Can I just put $0 into the ST /LT gains/loss fields?
Thanks for your help!
