I filed with a CPA last year and Turbo Tax is charging me an underpayment penalty from the information I entered in 2019. How do I remove it????? I can't use turbotax

[VolvoGirl]

You can fill out form 2210.  But it's not ready yet.  I think Feb 11.

If you do not pay enough tax, you may have to pay a penalty for underpayment of estimated tax. Even if you are getting a refund you can still owe a penalty for not paying in evenly during the year.  Generally, most taxpayers will avoid this penalty if they owe less than $1,000 in tax after subtracting their withholdings and credits, or if they paid at least 90% of the tax for the current year, or 100% of the tax shown on the return for the prior year, whichever is smaller. It is included in your tax due or reduces your refund.

You might be able to eliminate it or at least reduce it.  You can go to Federal Taxes tab or Personal tab, under Other Tax Situations and select Start by the Underpayment Penalties. You will answer a series of questions that may reduce or eliminate the penalty. Or you can elect to have the IRS figure the penalty for you.  It's form 2210.

It's under

Federal or Personal (for Home & Business Desktop)

Other Tax Situations

Additional Tax Payments

Underpayment Penalties - Click the Start or update button

If you have the desktop program you can switch to Forms Mode (click forms in the upper right (left for Mac)) and open the 2210 form.  If the 2210 doesn't show up in the left column, click on Open Forms at the top of the left column.  Type 2210 in the search box and open the 2210 form.  Check box C to let the IRS calculate it.

[kdoke4]

I filed with a CPA and paid the penalty last year. Turbotax is pulling in this information from when I started my 2019 return with them but then decided NOT to use turbo tax. How do I clear the data from 2019?

[mesquitebean]

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@ kdoke4  wrote:

I filed with a CPA and paid the penalty last year. Turbotax is pulling in this information from when I started my 2019 return with them but then decided NOT to use turbo tax. How do I clear the data from 2019?

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In this answer I assume you mean you don't want any 2019 data to transfer into 2020 because it is incorrect so you want to start a new clear 2020 return from scratch.  You can do the following to get a clear new 2020 return without any 2019 data.   You essentially have to "fool" TurboTax that you are going to upload a file from your computer, but then choose not to.   See the steps below:

• Log in and open your return.
• Once the return is open, go to the left menu column and click on Tax Tools, then Tools.
• In the Tools windows, you "fool" TurboTax by choosing "Transfer last year's TurboTax return from your computer."   (even though that is not what you end up actually doing.)
• On the next screen that tells you it will clear your return and asks "are you sure", if you agree choose "continue."
• On the next screen do NOT select and upload a file.   Instead scroll way down and click the blue button "Continue without transferring."
• That should start a new return without 2019 info.   You will have to enter everything.

[mesquitebean]

@ kdoke4   

ADDENDUM

You indicated underneath your original question that you are using Online Deluxe, so that's how I addressed my answer.

The steps I provided above should yield you a new clear 2020 return in Online TurboTax.  

For the sake of completeness, I'll also mention that there's another option, which is probably obvious.  One could use the desktop software (CD/download) instead of Online TurboTax.  It allows one to start a blank new return without transferring any 2019 info.   It just depends on which version you want to use.