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Level 2
March 28, 2024
Solved

Annualized income installments

  • March 28, 2024
  • 2 replies
  • 56 views

In the Instructions for Form 2210 to calculate the penalty, Schedule A1, Part I, line 22:

I don’t understand  the meaning of “total of the amounts in all previous columns of line 27”
What does “previous columns” refer to?

Thank you for your answer.

    Best answer by dmertz

    Expert Reviewed

    "Previous columns" refers to the columns to the left of the column in which you are making an entry.  

     

    Line 22 column (b) = Line 27 column (a)

    Line 22 column (c) = Line 27 column (a) + Line 27 column (b)

    Line 22 column (d) = Line 27 column (a) + Line 27 column (b) + Line 27 column (c)

     

    TurboTax does this for you.

    2 replies

    dmertzAnswer
    Level 15
    March 28, 2024

    Expert Reviewed

    "Previous columns" refers to the columns to the left of the column in which you are making an entry.  

     

    Line 22 column (b) = Line 27 column (a)

    Line 22 column (c) = Line 27 column (a) + Line 27 column (b)

    Line 22 column (d) = Line 27 column (a) + Line 27 column (b) + Line 27 column (c)

     

    TurboTax does this for you.

    Sam163Author
    Level 2
    March 28, 2024

    Than you!