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After you file
It is not about that:
Penalties apply if you paid less than 90% of what you owe, unless you at already paid more than what you owed last year.
Turbo Tax did not explicitly ask my previous year owed tax (strangely it was not imported along other imported data), once I enter that, it does cancel my penalties on the 1040.
I want to amend my return to get a refund of those penalties.
But Turbo Tax says there is no change to be filed (even though it shows lesser Tax due on 1040 after doing the change) , and show $0 refund when going through the amendment process.
‎April 20, 2024
5:02 PM