topic How do I enter income by quarter? Specifically, I have K1 income all earned in Q4. TurboTax is showing an underpayment penalty and this should not be. in Retirement tax questions

How do I enter income by quarter? Specifically, I have K1 income all earned in Q4. TurboTax is showing an underpayment penalty and this should not be.

newmsbn — Sat, 21 Mar 2020 00:41:40 GMT

MaryK4 — Sat, 21 Mar 2020 00:59:31 GMT

Go to Other Tax Situations - Underpayment Penalties- and look for the annualized income information.

newmsbn — Tue, 24 Mar 2020 21:12:36 GMT

Thanks so much for the reply - it answered my question!