Disappointed with Turbotax

[jjdeadhead]

After doing my inputs and upon review I saw a $80 Penalty assessed on my state return.  After running through the inputs 2x it wasn't going away.   The line item states if the Balance Due is over $800 then you could be assessed a penalty.  I am getting a refund.  Upon digging into it through the "Forms" I found the problem was;

We had a Capital Gain in the 4th qtr.  We properly made a estimated payment and recorded it Turbotax in that qtr.  The broker statement recorded the date of the transaction but Turbotax calculated as if ALL income is earned evenly over all 4 qtrs.  After finding this I went into the proper form and made all the adjustments and that erased the penalty, BUT;

Since Turbotax has that date in it's information why wouldn't this software use that information and allocate it properly?  

[Cynthiad66]

The adjustments has to  be made by the customer.  The four quarters were a prediction from the prior year.  Glad that you were able to go back to correct the situation.

TurboTax uses your previous year's federal tax return as a check to make sure you include all the income and deductions you expect to take on your current year's tax return. You should also look at the total tax you paid if you are going to base your estimated tax payments on 100 or 110 percent of your previous year's taxes.