TeresaM, thanks for the reply but you are wrong. I answered No to the question "Would you like to see if annualizing your Minnesota Income can reduce your Minnesota Penalty?
Thus, to save time I chose to keep the penalty and e filed my return. However, it was rejected by the state because there is a glitch in Turbo Tax's Schedule M15 creating an error of decimals. The code I got for the rejection said that in schedule 15 Line 22, the result should be equal to the addition of the components of line 21. The result of line 22 should have been $ 5.55 (the penalty). Turbo tax has it in the schedule M15 as $5, thus triggering the rejection of my state return. Again, the reason for the rejection is that $5. and $5.55 do not match. I was on the phone with turbotax for 1 hour and they could not fix this problem.
