Filling out 2210 schedule AI annualized AGI / net capital gains

[thegoodreturn]

I am using the desktop version of Turbo Tax 2024.

What should I include in the amounts for these boxes above? The "typical" AGI items such as the following?

- earned income

- short / long term capital gains

- qualified / non-qualified dividends

- deductions made to charitable organizations (should I still include these in the amounts even though I'm taking the standard deduction?)

- HSA contributions

Also, if I am using the standard deduction, does that change the numbers?

The next screen in TurboTax desktop has the following:

Why is TurboTax asking for these figures, assuming they were already reported in the annualized per-period AGI amounts in the first screenshot above?

[baldietax]

to your AGI question include all elements that would have gone into your total AGI for the year (anything up to line 11 on your 1040) - which would include any adjustments for HSA deduction (line 10); but the standard deduction doesn't matter as that is applied after the AGI (line 12) and Form 2210 will take care of that during the annualization calculation.

they're asking for breakout of qualified divs/LTCG because those get different tax rates during the AI calculations the same way they do for your full year return

[thegoodreturn]

Thanks, what about charitable donations to 501(3)(c) orgs and federal tax withheld from employers? Would those amounts be included in the boxes under adjusted AGI for each period?

I also have some HSA contributions for tax year 2024 that were made between the new year and the April 15th filing deadline. I'm assuming that amount would be included in the last quarter of 2024?

[MonikaK1 · Accepted solution]

Charitable donations don't affect your AGI, and neither does your tax withheld. 

Look at Form 1040 and Schedule 1. Your AGI is made up of your total income on Line 9, less your adjustments to income from Schedule 1 that are shown on Line 10 of Form 1040. 

Your standard deduction or itemized deductions are subtracted from your AGI on Line 12.

@thegoodreturn