I checked the forms availability list and it shows that Form 2210, Underpayment of Estimated Tax, will be available sometime on 2/11/2021. We are waiting for the IRS to finalize and give us approval to update our software. Please revisit TurboTax at a later time.
IRS Form 2210 (Underpayment of Estimated Tax by Individuals, Estates, and Trusts) calculates the underpayment penalty if you didn't withhold or pay enough taxes during the tax year.
In general, you may owe the penalty for 2019 if the total of your withholding and timely estimated tax payments didn't equal at least the smaller of:
- 90% of your 2019 tax, or
- 100% of your 2018 tax. Your 2018 tax return must cover a 12-month period.
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