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Level 2
March 17, 2025
Question

Annualized Income Installation Method

  • March 17, 2025
  • 1 reply
  • 12 views

I did a Roth rollover in Dec 2024.  Paid Estimate Tax in 1/6/2025.

Turbo Tax said will get a refund but have a small Extimated Tax Penalty I was trying to clear by

Doing the Annualized Income Installation Method

 

When I got to the section tittled

Date of Payment

Enter the date you paid or will pay your balance due.
We use this date to determine the underpayment penalty amount you'' be charged.
If the balance due won't be paid before the unextended file deadline of this return
you can leave this blank.

Date you'll Pay the Balance Due ....... I enter 01/06/2025

 

TurboTax responds in red
Date you'll pay the balance due cannot be before the current date

 

But it said "Enter the date you paid or will pay your balance due."

How can it NOT accept a date before the current date..... a bug?

 

I also posted that in a similar/same question started by MathewsII a few days ago

1 reply

Level 15
March 17, 2025

A future date must be entered in the annualization section. The payment on January 6, 2025 should be included in your estimated tax payments in the federal portion of your tax return. The final estimated payment for 2024 is January 15, 2025.

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GKappyAuthor
Level 2
March 30, 2025

Thanks