You may be able to reduce or eliminate your underpayment penalty by annualizing your tax. To do this:

1. Launch TurboTax and search for annualizing your tax in t. box with the magnifying glass
2. Select Jump to annualizing your tax
3. TurboTax will ask you a series of questions which may reduce or eliminate your underpayment penalty.

For additional information, please review the TurboTax Help article Why am I getting an underpayment penalty?

Thank you, I understand. However this is not the reply I need.

If you want to zero the penalty you would have to override that line and file on paper.

The Online TurboTax does not allow overrides.

@meadowlark0 

I do understand what you want to do.

To go through the penalty calculation:

1. Other tax situations
2. Scroll to Additional Tax Payments.
3. Select Underpayment penalties.
4. The first screen says You chose to let the IRS bill you later.
5. Select Continue
6. The penalty will not appear on the 1040.

Thank you fanfare...thanks for confirming this, I was hoping someone might have found a way and a solution that I hadn't yet explored. I'll be on my way now.

Thank you JohnB5677. That option is not available to me. Perhaps others have the option. Another solution in google sent me searching to Tools in the left menu, which is also not part of my interface. Unfortunately I think fanfare has it right. No option to override. Take carre