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Get your taxes done using TurboTax
1- There is no way that my return should have gone to form 502UP. Neither A or B apply to my return. This form is for underpayment of withholding and/or estimated taxes collected. I didn't have an underpayment, I have a refund due. Option A says taxpayer needs to pay more then $500 tax due. Option B questions if quarterly payments were equal or more than 110% of last years taxes. Line 10 is the result of determining if Option B is true. My line 10 is the result of the required minimum calculated that should of been collected during the year. I paid over $900 more then the calculated minimum.
2- It appears that the amounts on line14 are not being calculated correctly. The first quarter payment is not being added into the second and third quarter amounts, it is included in the fourth quarter total.