VolvoGirl Can you please explain exactly what information TT used in your return to determine there was a penalty even though you had a refund? TT did not tell me I had a penalty on the 1040 line 38 but my income was very uneven.
Unless TT prompted you to enter quarterly income vs estimated tax paid per quarter, I still don't see how TT can know there is a penalty. Do I have to physically obtain F2210 from the IRS website and manually calculate this, TT does not prompt me during the interview or handle this calculation? I am using the online version.
It makes sense to me there is no penalty if none of my withholdings were from estimated taxes, so my withholdings were therefore spread evenly across the year and the IRS would be good with that based on what I am reading here. But if estimated quarterly taxes are paid, I would expect TT to prompt with more questions. How can TT possibly know there is a penalty if you had a refund unless it knows about income dates vs tax payment dates?
