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Annualized Income
I started doing some 401K/IRA distributions and Roth conversions at the end of last year and made estimated tax payments in the corresponding quarter. Despite entering this distribution information in TurboTax it never even suggested entering Annualized Income information to avoid paying penalties on my taxes due to the 'lumpy' income. This seems like a very basic and common issue with retirement distributions and capital gains yet the information is buried away and not suggested as a possibility by the program. This seems like a glaring defect.
‎February 28, 2020
1:00 PM