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State tax filing
I'm having the same issue. And annualizing my income doesn't help as it was steady throughout the year. My company (the PTE) made 4 equal quarterly PTET payments to Virginia on my behalf. It shows up as one total credit on my VK-1. So TurboTax is making it look like that one PTET payment occured in the 4th quarter and that there is underpayment penalty for not paying 4 payments (instead of 1). Also of note, I'm due a refund so its not like there is underpayment penalty because I owe.
‎April 8, 2024
2:17 PM
1,145 Views