The proposed solution does not enable access to Form 2210.
It says:
No underpayment penalty.
Based on the entries you don't have a penalty for underpayment of estimated taxes.
Do you want to review the estimated taxes topic.
On selecting Yes to this, TurboTax shows the question:
Farmers and Fishers
Was at least two-thirds of your gross income in 2024 or 2024 from farming of fishing?
Possible Penalty Exception
Since you 2023 tax liability was zero you might be able to avoid some or all of a penalty this year if you can answer yes to both of these questions.
- Did your 2023 return cover a full 12-month period? Or, if you didn't file last year, would it have covered 12 months had you filed?
- Were you a U.S. citizen or resident in 2023?
When I answer Yes to both questions it loops back to the first screen: No underpayment penalty.
Clearly there is a mistake in either TurboTax calculations of underpayment penalty or IRS's calculation. Please advise how to handle this problem.
