Your answer is all well and good but did not answer my quesetion which was:
HOW does turbo tax calculate this penalty?
When I followed your link and instructions turbotax tries to lead me through the procedure to annualize my income. I do not want to do this at this time as I dont have the information.
What I want is to see HOW turbo tax determined (CALCULATED) this penalty. I dont know if turbo tax did it correctly or not. And since it says estimated, It may very well not be the final answer. If turbotax used a form 2210 to calculate the penalty why is this form not shown in the list of forms so I can review the calculation??
Thus far I have found turbotax to be more trouble than its worth. I am a first time user and have typically used free fillable forms which doesnt provide the interview style like turbo tax but just lets you fill out the actual forms and then does the arithmetic automatically. I am more comfortable with this method.
Having had a special situation this year with a schedule K-1 with estate income I opted to try turbotax for the first time. Thus far its been very frustrating especially when trying to access the community when logging on to my turbo tax account it constantly tries to lead me through a series of menus trying to sell me turbotax all over again or other services I do not want or need.
why cant I just log on and get to the community without all this obfuscation getting in the way?>
