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Maryland 502UP Line 11 - how do I assign income to periods of the year?

Maryland 502UP - Underpayment of Estimate Income Tax line 11 instruction says to enter into each column the amount of income received in that period of the year.  TurboTax is only dividing the total income evenly across the four columns and I can't find any way to override which periods of the year I received the income.

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3 Replies
BillM223
Expert Alumni

Maryland 502UP Line 11 - how do I assign income to periods of the year?

In the Maryland interview, you should see "Interest on Underpayment of Estimated Tax". Enter last year's tax (tis may produce one exception to the penalty).

 

Go through the screens. When you are asked if you want to review the calculation to see if you can reduce the penalty, click on YES.

 

The next screen is titled "Your Interest". Choose the bottom line, "Use annualization method".

 

The next screen "Annualization Method" allows you to enter your Maryland income for each quarter.

 

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Maryland 502UP Line 11 - how do I assign income to periods of the year?

I'm not finding the screen you're referring to.  Under "Other Situations," I click "Interest on Underpayment of Taxes."  From there, the first question is "Date You Will File Your Return."  The next question is "First-time filer of Maryland Tax return," which I answer "yes."  Those are the only two screens it gives me for Underpayment of Taxes.  It doesn't give any option for reviewing a calculation.  Is there some other way to get to the screen you're describing?

 

Thanks,

Paul

BillM223
Expert Alumni

Maryland 502UP Line 11 - how do I assign income to periods of the year?

No, when you answered that you were a first-time filer, that probably routed you around the screens I was referring to.

 

Tell me, did you get an underpayment penalty on your Maryland return?

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