Was your Virginia tax liability for 2022 less than the liability for 2023? If so, the penalty is calculated on the lesser of the two. Based on this information, TurboTax would not complete Form 760C if no penalty was due.
According to the Virginia Form 760 Income Tax Booklet page 26, "You will not owe an addition to tax if...total withholding and timely estimated payments were at least 90% of your 2023 tax liability OR 100% of your 2022 tax liability."
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