TT is asking me to annualize my "Other Taxes" to/for "Form 2210 Schedule AI Other Taxes". It gives me a total ($828), but doesn't tell me where that came from. Help?

[danielkbalzer]

Is there a way to get TT to link back to where in the tax program this number was generated so I can figure out the source of these "other taxes"?

[MarilynG]

Look at your Schedule 2, Part II, Other Taxes.

Or, look at Form 1040, Line 23, for Other Taxes, including Self Employment Tax. 

[danielkbalzer]

Thanks.  I was able to find it in Schedule 2, and traced it from there to Form 8960, where it derived from line 17 "net investment tax for individuals".

The real problem is that there seems to be no way to track this information down until *after* I filed my return and TT generated a .pdf file for me to search in.  It seems to me that what TT needs on *every* page of its questionnaire is a link to take the customer to the source of the number that TT is asking about.  Instead of being asked "How do you want to allocate this $828?", the question should be "How do you want to allocate this $828 that resulted from the calculation of these specific amounts that you entered here (link) earlier in the questionnaire".  TT is much too much of a black box in this regard.

[pg4tt]

Hi,

I am in the same situation.

My Schedule 2 has "Other taxes" coming from some Medicare tax adjustments and Net Investment tax. Is there any guidance on annualizing these items?

[BrittanyS]

You can annualize other tax situations in TurboTax by following these steps:

1. Select Federal
2. Select Other Tax Situations
3. Additional Tax Payments
4. Select Underpayment Penalties
5. Select Continue
6. Select No if not Farmers & Fishermen
7. Select 2024 Filing Status
8. Select 2024 Tax Liability 
9. Select Annualize Income method as yes

@pg4tt 

[pg4tt]

Thank you for your response.

I am able to annualize my income (as suggested above). The problem I am having is annualizing "Other taxes" coming from Medicare tax adjustments, "Other Credits" from Additional Childcare Credit+Foreign Tax Credit and "Deduction for Qualified Business Income" coming from REIT dividends. There is one number for these items that covers the full year. Is there a rationale to split these across the three time ranges (1/1-3/31, 1/1-5/31, 1/1-8/31)?

[JamesG1]

The straightforward method of allocating the numbers would be to allocate on the basis of months.

Through 3/31/2024 would be:   3 months divided by 12 months times the amount

Through 5/31/2024  would be:  5 months divided by 12 months times the amount

Through 8/31/2024  would be:  8 months divided by 12 months times the amount

@pg4tt