turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I calculate Anualized Adjusted Gross Income for the 3 periods to lower my tax penalty. 1/1/2020-3/31/2020, 1/1/2020-5/31/2020, 1/1/2020-8/31/2020

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
KathrynG3
Expert Alumni

How do I calculate Anualized Adjusted Gross Income for the 3 periods to lower my tax penalty. 1/1/2020-3/31/2020, 1/1/2020-5/31/2020, 1/1/2020-8/31/2020

Calculate your full income according to these date ranges. The form will not duplicate your income. It is done this way to verify that income was earned unevenly throughout the year.

 

For more information, see: 2020 Instructions for Form 2210, page 9, Schedule AI—Annualized Income Installment Method.

 

For more information, see: How do I add Form 2210?

 

However, if you are experiencing difficulty, please see to sign up for updates: Why is my Form 2210 not calculating lines 18-26 correctly?

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question