Please see the response from my TurboTax colleague ChristieB:
You
can request a
waiver of underpayment of estimated tax by taking the following steps in
TurboTax:
1.) Federal
2.) Other Tax Situations
3.) Additional Tax Situations - Underpayment Penalties
This section will
help you determine if you qualify for a waiver, and also update your Form 2210
with this information.
Generally,
exemptions from penalty will apply if:
- In 2017 or 2018, you retired
after reaching age 62 or became disabled, and your underpayment was due to
reasonable cause (and not willful neglect), or
- The underpayment was due to a
casualty, disaster, or other unusual circumstance, and it would be
inequitable to impose the penalty. For federally declared disaster areas,
see Federally declared disaster, or
- The underpayment was due to
an inability to accurately calculate your estimated income tax payment due
to the breadth of changes enacted by tax reform.
