Thank you.
I asked the question because TurboTax has calculated an underpayment penalty of my 2023 Federal estimated taxes. I think this is because my 2023 data was not found when I downloaded and installed Turbo Tax 2024 Premier.
I selected the option of 110% of my 2023 taxes to calculate my 2024 estimated taxes. I have always used this option and have never been assessed an underpayment penalty for the few times I underpaid my estimated taxes.
Should I override the penalty Turbo Tax calculated prior to filing my 2024 Federal taxes?
