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February 12, 2025
Question

Underpayment Penalty - Annualized Income shows total of ZERO

  • February 12, 2025
  • 1 reply
  • 0 views

I did a Roth Conversion on Dec 26 so I need to do the calculations for Underpayment Penalty.  I went through it once but made some errors so going back through it again.  When I get to the page to enter income for the 4 periods, TT is showing my adjusted Gross income for the last box (full year) as "zero" (word) - it is not adjustable.  I don't know if it is treating it this way becuase I did it once already.  How do I get it to reset and pull up the full number for the box for the full year.

    1 reply

    WillieDAuthor
    March 1, 2025

    Update:  I don't remember which ones, but I changed some numbers on the form and then went back and it allowed me in again.