There is a qualifier that the IRS stated.
My question is " Did you make a late payment of estimated taxes?"
If you made a big payment late last year or this year it may still generate a penalty.
The IRS says "The Underpayment of Estimated Tax by Individuals Penalty applies to individuals, estates and trusts
"if you don't pay enough estimated tax on your income or you pay it late. The penalty may apply even if we owe you a refund."
If you did pay late, TurboTax 's calculation is correct
If you did make all of your quarterly payment in a timely manner, Then TurboTax has a problem to investigate.
In that case we can request that you to send us a sanitized version of your tax return (by issuing a token).
If you've confirmed that you made timely payment please use @JohnB5677 and I will provide you with directions to start an investigation.
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