HelenaC
New Member

Retirement tax questions

Answering No won't annualize your income. 

You need to answer Yes. Annualizing your income is something you have to do. 

  • When you answer Yes, TurboTax will take you to the Annualized Income Method screen so you can manually enter the amounts for each quarter. 
  • TurboTax used the amounts you entered to possibly remove or adjust the underpayment penalty.

Relating information: