Two errors on forms 2210/2210AI TY 2021 (after Feb 17 update)

Forum|Forum|4 years ago
February 18, 2022
2 replies
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There appear to be two unresolved issues with the updated forms 2210/2210AI in the Feb 17 update when Part II box C is checked (annualized income installment method):

1) Form 2210, Part III, Line 10, column (a): incorrect transfer of amount from Schedule AI, line 27, column (a) (some 10x larger amount that doesn't seem to correspond to any field in 2210AI is entered). The amounts in the other columns are transferred correctly.

2) Form 2210AI, Part I, Line 7: amount from line 12b from Form 1040 is not added to standard deduction

In both cases, overriding the field and entering the correct value manually leads to the correct overall computation (and no underpayment penalty in my case, whereas with the errors TT computes a large penalty)

ssel

Level 3

I hit both of those errors.

Line 10 column (a) is too high by an amount equal to the value in column (b).

This thread also reports on the Line 10 issue:

https://ttlc.intuit.com/community/taxes/discussion/re-2021-form-2210-calculation-error/01/2496341

Tax4fp

Level 5

Latest TT update on 2/24/22 has fixed the error with Form 2210 line 10 box (a). Line 10 now matches Form 2210AI line 27. This has eliminated the bogus underpayment that TT previously calculated. However, the step by step page for entering annualized withholding still shows incorrect date (7/15/2021) in second and third periods: should be 6/15/2021.

Tax4fp

Level 5

Update from 2/24/22 didn't fix all of the problems with Form 2210. Filed my return after this update eliminated underpayment penalty, but IRS rejected because of additional issues with Form 2210 in those cases that income and withholding are annualized. TT indicated that an updated version of Form 2210 will be issued on 2/25/22 to correct the additional problems so my return can be accepted. Crossing my fingers that they finally fix all the issues with this form, but I'm skeptical based on their poor performance to date.