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Check your 1040 did you have a penalty amount on line 38? That is included in line 37 but is not included on the amended line 16 payment.
Check your 1040 did you have a penalty amount on line 38? That is included in line 37 but is not included on the amended line 16 payment.
You are amazing. In a few words, you quickly answered a question that two TurboTax experts in a total of 60+ minutes of phone conversations could not answer (and weirdly refused to answer - the second guy said it was probably based on some schedules and worksheets, but refused to tell me which). You are exactly right.
I'm sorry, but I have a follow up. Line 38 shows the exact $153 difference. But it doesn't say what it is based on. I paid my taxes early. I do have estimated tax payments, but I don't think those would have been low - and anyway, I can't figure out where/how it was calculated.
Thank you again!!!
I looked, and there's no Form 2210 in my return.
Penalties:
"1040-x Line 16: Subtract any penalty from the amount you owe reported on original 1040.
Don't try to include, but ignore, any new or changed penalty." --- IRS
IRS will calculate your new penalty, if any, on their own and will bill you.
Even paying "amount you owe" early,
you can be penalized for failing to meet the "Required Annual Payment" via withholding and/or Estimated Tax Payments on time.
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