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How to Elect in Turbotax the Utilization of the 110% Safe Harbor Rule for 2022 Tax Underpayment Penalty?
HI
If 2022 Taxes Paid in between Payroll Withholdings ,1/15/2023 Q4 Estimate and 4/15/2023 Extension Payment amounted to greater than 110% of 2021 Tax Liability, how do I reflect in Turbotax that there should not be a calculation of Penalty or Interest on Form 2210. Additional information is that there still will be due an additional $45,000 of 2022 taxes that will be paid in when the Return if filed. If it is recommended to have this remaining tax balance due paid in prior to the final filing, please let me know.
Thank you
‎April 23, 2023
3:48 PM