So this is getting closer to the issue...
Yes I have entered my estimated taxes, and I understand my deferral cannot be more than my tax liability.
The Q&A from the IRS would have been helpful in deferring my estimated payments in 2020 based on income from March 27 - December 31. That all makes sense to me.
The issue I am having is that TurboTax uses Line 2 of Form 2210 to determine Estimated tax liabilities. Because that line subtracts out the max deferral, TurboTax is suggesting I pay estimated taxes for 2021 that are based on my total actual liability ($19,394) MINUS 2020s deferrable max ($5,130). That does not make sense to me.
It almost seems like it is implicitly assuming we will be able to defer a share 2021 taxes as well, which I don't think is true, and would leave me with a $5,130 shortfall next April.
