Form 2210 - Schedule AI - Annualized Income Installment Method
1
In order to complete Schedule AI, you first need to complete the Underpayment Penalty section, which transfers automatically to Part II of Form 2210, Underpayment of Estimated Tax by Individuals, Estates, and Trusts. This will determine whether you need to attach Schedule AI. To access the Underpayment Penalty entries, follow the steps below.
Online
Dashboard
From within your TaxAct return, click Taxes & Miscellaneous.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click the Additional Tax Payments drop-down.
Click Add beside Underpayment Penalty.
Complete the rest of the interview process.
Classic
From within your TaxAct return, click Federal.
On smaller devices, click the menu at the top left corner of your screen, then make your selection.
Click Underpayment Penalty near the bottom of the list.
Complete the rest of the interview process.
Desktop
From within your TaxAct return, click Federal.
Click Underpayment Penalty on the right.
Complete the rest of the interview process.
If you meet the requirements to file Form 2210 - Schedule AI - Annualized Income Installment Method, the form will be completed.
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