@TiffanyL
Please take the time to actually look at the requirements in Pub 505 worksheet 2-8 for calculating annualized income in Form 2210AI. The inputs for CG in TT underpayment section specify that the cumulative CG up to that period be entered, just like the cumulative total income and the cumulative QD. The IRS requirement is that each of these cumulative values be scaled by the factor for that cumulative period in order to calculate the annulized tax for that period. Since TT doesn't properly scale the cumulative CG in each for the first three periods, the numbers in lines 14 (a)-(c) are higher than what they should be if the IRS requirements were properly followed. Please have someone in TT fix this scaling error ASAP.
My point in starting this thread was that TT 100% guarantee doesn't cover TT errors like this where TT incorrectly tells customer that they owe more than they actually do because TT doesn't properly implement the IRS requirements. In my case TT said I owed a penalty of $132 due to multiple TT errors in Form 2210. This is 3x what I paid for TT, so even if I got a refund for my purchase price, I would still have been out $ that I shouldn't have owed, all because of TT screwups with Form 2210 calculations. If it wasn't for my own digging and the others in this forum who identified and tracked down TT errors, TT wouldn't even know about the screwups. Anyone who trusts TT and their worthless guarantees is a fool.
