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TurboTax not recognizing safe harbor from underpayment in CA
How do I get TurboTax to recognize safe harbor from underpayment of tax penalty on the CA state return? The software is calculating an underpayment penalty despite meeting requirements (110% of last year's tax liability, AGI<$1M) and I don't see a way to input my last year's tax liability or otherwise indicate safe harbor.
Also, how do I get TurboTax to add Schedule P (AMT)? I think it's required for safe harbor, but I can't get the software to include it in the final return.
I hope I'm missing something obvious and you can correct me. Thanks for your input!
‎October 4, 2023
6:55 AM