@AArnott
Just FYI future, I always recommend declining any penalty that Turbotax calculates.
- The program calculation is always off by a few dollars, just because the IRS has a very peculiar way of calculating it, so even if you accept and pay a penalty, you will probably end up getting a bill for a few more dollars or refund of a few dollars. Just wait for the IRS to bill you and pay what they say.
- Sometimes Turbotax is wrong and the IRS won't assess a penalty, but if you pay one they might not send it back.
- If you wait for the IRS to bill you, you can apply for a waiver of the penalty, which you can't do if you just pay it out of hand.
