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Form 2210 calculates penalties for underpayment of estimated taxes and is completed in the Other Tax Situations on the left menu.
- Next, scroll down to Additional Tax Payments and click on Show More
- Click on Underpayment Penalties
This is from Form 2210 Line C Your income varied during the year and your penalty is reduced or eliminated when figured using the annualized income installment method. To change the entries, look for the screen that says Annualized Income Method.
You can select No or if you select Yes, it will pull up this screen to enter the amount for each quarter.
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