Part I of form FTB 5805F, Underpayment of Estimated Tax by Farmers and Fishermen is used to determine if you, as a farmer or fisherman, paid the required amount of estimated tax. Part II to compute your estimate penalty if you did not pay enough estimated tax.
Revisit the underpayment penalty section and review your entries.
- Open your return
- Go to Other Tax Situations.
- Scroll down to Additional Tax Payments
- Click Revisit next to Underpayment Penalties
- Continue to the screen Farmers and Fishermen and select NO to the question Was at least two third of your gross income in 2022 or 2023 from farming or fishing?