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2210 calculations?
Hi, I am using the downloaded version of Turbo tax. I completed my 2022 taxes and submitted. I noticed that I owe a penalty which is shown on form 2210. Where does Turbotax get the information showing on this form? This form indicates not only what I owed in taxes each quarter in 2022 but also what I actually paid each quarter. How would Turbotax know what I actually paid each quarter? Does Turbotax get what my quarterly payments were directly from the IRS? This form shows that I paid $x in taxes in Q1. I didn't pay estimated taxes at all so I assume this number is taken from my actual payroll deductions for taxes? if so, the amount showing on the form is about 50% of what was actually deducted from my paychecks during Q1. This is resulting in a penalty..