Using the annualized income method

Forum|Forum|2 years ago
March 30, 2024
1 reply
12 views

To enter my qualified dividends while annualizing for underpayment, the Net Capital Gains page only shows 3 quarters and they end on 8/31/2023. I have qualified dividends in September and December. How do I enter those? Thank you!

Mike9241

Level 15

9/1 to 12*/31 is the fourth quarter and the numbers should match the tax return for the whole year. doesn't Turbotac d the $th quarter automatically?

Mike9241

NH56Author

Level 2

I would think I need to enter the 4th quarter dividends while using the Annualized Income Method. This section on Turbo Tax doesn't include the 4th quarter. I'm stumped!

UPDATE: The section of TT I'm in is the Net Capital Gains of the Annualized Income Method. It only allows me to enter my qualified dividends to 8/31/23.

AmyC

Level 15

The program knows if you had $100 in dividends and entered $75 for the first 3 quarters that the 4th quarter has to be the remainder of $25. You do not need to enter all 4 quarters in the program.

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