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Form M-2210 Massachusetts--removing underpayment penalty
On the Federal M2210 you can force a withholding (in my case, an RMD taken in January 2022) to show up in the quarter you take it. Using this technique, I am not charged an underpayment penalty on my federal taxes.
On the Massachusetts M2210 the RMD withholding from January 2022 is spread over all four quarters, leading to a penalty. I cannot find a way to make Turbo Tax move the entire RMD withholding to the first quarter. Thus, Massachusets wants an underpayment penalty.
Is there a way for TT to adjust the state form so that the entire RMD withholding shows up in 1Q?
March 1, 2023
2:11 PM