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Prior Year Return and 2024 Underpayment Penalty.
This is my first year with TT (Premier 2024 version). I have created my return and entered all information and see that I have an underpayment penalty. My 2023 return was done by a CPA and I applied 100+% of my 2023 tax to my 2024 estimated tax from a portion of my refund. Since I have paid the 100% of 2023 tax, I should not be penalized (I am under the 150K threshold) so how do I correct TurboTax to understand my 2023 tax situation?
March 6, 2025
9:38 AM