Your situation sounds exactly similar to mine. I’m very dissatisfied in TT for not alerting me of a pending interest/penalty charge while going through the step-by-step process. I only found out I had a problem until after I transmitted my return to the IRS. Like you, it’s hard for me to understand why this penalty was triggered when I actually overpaid my taxes for the year. Anyway, several TT community members gave me some suggestions. Two of them resonated to me. First, “One Time Abatement” Form 843. Basically (forgiveness), this seems unlikely, but maybe worth a try. Second, amend your return (Form 2210), which amounts to a total recalculation of your exact quarterly income. This would be a lot of work for me as a novice tax person but I’m still debating. I will decided to make my decision on what to do in May if anything.
