wiyk
Level 1

Where to enter/change last year's tax amount in TT

TT is calculating a underpayment penalty. While I did underpay (intentionally), I paid 120% of my 2023 tax amount, which is sufficient to meet the criteria for no penalty.

 

I didn't use TT last year, so I'm assuming the program thinks I paid $0 in taxes last year. But I can't find where I can enter the previous year's tax due in the program, and no screen that covers the underpayment calculation. There's just the useless underpayment screen that says "you owe $$$" with no other information.

 

Since the program needs the previous year's tax amount to determine underpayment, I assume you can enter it somewhere, but where?