Will Lacerte annualize income on Form 2210? If so how?

[abctax55]

No... how would the software know what was earned when?

You have to do the math, and enter the appropriate info on the penalties screen (Screen 8 - Annualized Income Installment Method tho I find that wording a bit odd).  IF your client has self-employment income, don't miss entering that info too.

[bethbrake]

Thank you.  I would assume the same way that the underpayment penalty is calculated.  If that information is available based on the income and expenses I inputted, my hope was to find that calculation and adjust it based on when earnings were actually posted during the year.

[abctax55]

The underpayment penalty is computed by dividing the liability (or the PR/YR safe harbor) by 4 & then comparing it to payments made and the dates made.

YOU have to tell the software that the income (& therefore liability) isn't earned equally thru-out the year.