GeoPhys
Returning Member

State tax filing

The problem was TurboTax calculated that I was subject to an underwithholding penalty in spite of the fact that I was due a refund.  I was able to solve the problem by backing up and clicking the option: "Let the state calculate the penalty," which they presumably do correctly.

The error was that a $5,000 Innovative Motor Vehicle Credit was not properly included in Line 1 of CO DR0204.  So a secondary solution is to OVERRIDE Lines 1 and 3 to obviate the penalty

What would really be nice, would be for TurboTax to fix the error in EasyStep, that is to access the $5,000 credit in the calculations.  I am willing to provide a sample, and to discuss the error and underlying mechanics.