user1986
New Member

Is anyone having problems with TT's calculation of the underpayment of tax? I don't think it's accounting for an estimated payment I made.

I don't think TT is correctly calculating my underpayment of tax. The rule is you need to pay the lesser of either last year's tax or 90% of this year's total tax. Failure to do so results in penalty. I under-withheld during the year but made an estimated tax payment to make up the difference. The software does not seem to account for the payment estimate.