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Get your taxes done using TurboTax
Thank all of you very much for your responses and sharing your knowledge.
I tried to take Annualized Methods that helps me a lot to reduce my penalty, but it's too complicated at the end for me.
Instead, I've decided to take Actual Withholding Form2210,Part II D:elect to treat the tax withheld as paid when it was actually withheld
Turbo Tax asks : 2021 Tax Liability for 2210 purposes , It says Enter the amount from your 2021 Form 2210, line 4 or Form 2210-F, line 6
But I didn't file 2210 for 2021 tax.
Then, TT explains:
""Your 2021 tax liability for Form 2210 purposes can be found on your 2021 Form 2210, line 4 or Form 2210-F, line 6, if you happen to have one of them in your 2021 tax return. This amount is used on your 2022 Form 2210, line 8 or Form 2210-F, line 10, and can reduce or eliminate a penalty for underpaying your taxes.
If you do not have a 2021 Form 2210 or Form 2210-F then you will need to see the instructions for Form 2210 line 8. Remember you can always let the IRS calculate the penalty for you so you don't have to do this.""
I am just so confused what this means.
Assuming that a form 2210 was needed, create a form 2210 for 2021 now myself, and find the amount line 4 to enter for 2022 form 2210 line 8?
Or I just follow the instruction 2022 form 2210, line 8 ?
The due is just around corner, Please help!
Thank you so much.